$BTC

Earlier on Thursday, Bitcoin traded in Asia for over $99,000, as positive macroeconomic signals and sustained institutional interest pushed the cryptocurrency toward the $100,000 resistance line.

"This is not just a psychological milestone, but also a signal of growing confidence." As of 1:40 AM Eastern Time, the cryptocurrency has since retreated to $98,938, up 2.64% in the past 24 hours. Bitcoin earlier rose to a local high of $99,400.

"The rebound was initially sparked 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 trade tensions between the world's two largest economies could be resolved.

On Wednesday, the Federal Open Market Committee (FOMC) kept U.S. interest rates steady, with analysts noting that investors viewed this as a "signal to maintain risk appetite."