Bitcoin $BTC Surges Past $97K Amid Trade Talk Hype — But Is a Deal Really Coming?
Bitcoin $BTC just ripped past $97,000, and the market’s buzzing with optimism. The spark? Hints that the U.S. and China might actually be sitting down to hash out a trade deal. But don’t get too excited — the betting markets aren’t buying it just yet.
Despite the price rally, Polymarket traders are only giving the odds of a deal before June a 20% shot. That’s low — and honestly, fair. The White House is still playing hardball with tariffs, so we might be in for a longer game than headlines suggest.
Still, there’s no denying the momentum. With Bitcoin knocking on $100K’s door, traders are feeling the heat. Strong liquidity, surging weekend activity, and a fresh wave of speculative altcoin interest are fueling this move. Plus, institutional money is showing up in force, with $1.5 billion flowing into Bitcoin ETFs recently.
AI tokens are also having a moment. Kava Labs just hit 100K users, a big milestone for decentralized AI platforms. The appeal? Transparency and privacy — something you won’t find in most big-name AI systems. Kava’s rise is pushing the whole AI sector up, with the category outperforming the broader crypto market today.
As for the rest of the majors, Dogecoin (DOGE) led the charge with a 4% gain. ETH, ADA, XRP, and BNB also posted small but steady climbs. On the other side, MOVE is tanking — down 21% — after its founder was suspended amid manipulation allegations.
Zooming out, the macro picture looks promising for BTC. Strategy, Michael Saylor’s firm, is going full throttle again — raising $21 billion for more Bitcoin buys. Meanwhile, research notes are pointing to smarter institutional strategies, more precise valuation tools like BTC Torque, and increased fixed-income sophistication around crypto.