$USDC

Earlier on Thursday, Bitcoin's trading price in Asia surpassed $99,000, as positive macroeconomic signals and continued institutional interest pushed the cryptocurrency towards 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 retreated to $98,938, having risen 2.64% in the past 24 hours. Bitcoin earlier peaked at a local high of $99,400.

"The rebound was initially sparked by headlines on Wednesday morning Asia time regarding the resumption of US-China trade negotiations, which boosted overall market sentiment." US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with Chinese officials in Switzerland this weekend, bringing hope that the trade tensions between the world's two largest economies may be resolved.

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