On Thursday morning, Bitcoin's trading price in Asia exceeded $99,000, as positive macroeconomic signals and growing institutional interest pushed the cryptocurrency towards the $100,000 resistance line.

"This is not just a psychological milestone, but also a signal of increasing confidence." As of 1:40 AM Eastern Time, the cryptocurrency has retreated to $98,938, having risen 2.64% in the past 24 hours. Earlier, Bitcoin had reached a local high of $99,400.

"The rebound was initially triggered by headlines earlier on Wednesday during Asian hours regarding the resumption of U.S.-China trade talks, which boosted overall market sentiment." U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with Chinese officials in Switzerland this weekend, bringing hopes that the trade tensions between the world's two largest economies may be resolved.