$BTC Bitcoin is rising again amid hopes for a trade truce between the US and China

The price of the leading cryptocurrency exceeded 97 thousand dollars amid a recovery in investors' appetite for riskier assets

The cryptocurrency Bitcoin rose against the backdrop of rising Asian stocks and a strengthening dollar, following news of plans for the US and China to hold trade negotiations.

The largest cryptocurrency increased by approximately 3.2%, surpassing the 97714 dollar mark on Wednesday morning in Singapore, before reducing its gains. The second-largest asset by market capitalization, "Ethereum," rose by 4.2%.

Demand for bullish positions in the options market increased, focusing activity on call options with a strike price of 100 thousand dollars, according to data collected from the "Deribit" platform, the largest cryptocurrency derivatives exchange in the world.