Bitcoin Jumps Above $97K as Traders Optimistic U.S.-China Trade Deal Possible

What to know:

• Bitcoin is trading above $97K as optimism grows over potential U.S.-China trade talks, despite skepticism about a deal being reached soon.

• Market observers see $100K bitcoin as achievable, driven by strong liquidity, institutional demand, and speculative altcoin activity.

• AI tokens are gaining traction, with Kava Labs reaching 100K users, highlighting the appeal of decentralized and transparent AI platforms.

• Bitcoin (BTC) is trading above $97,000 during the Asian morning hours as the market breathes a sigh of relief that the U.S. and China are said to be working on a trade deal, even if the market is also skeptical that a deal will be reached this month.

• The market is also likely optimistic about Strategy's continued BTC buys, and push towards further institutionalization.

  As CoinDesk recently reported, Michael Saylor announced that Strategy is raising $21 billion for more $BTC buys.