BTC Breaks $97,000 Barrier Amid Optimism on U.S.-China Trade Talks

Bitcoin Tops $97K as U.S.-China Trade Hopes Rekindle Risk Appetite

Bitcoin surged past $97,000 on Wednesday as markets cheered renewed signs of progress in U.S.-China trade relations, marking a fresh boost for risk assets.

The rally came after U.S. Treasury Secretary Scott Bessent confirmed he would meet with Chinese officials this weekend in Switzerland, signaling a thaw in trade tensions. “Our goal is not decoupling, but building a more balanced relationship,” Bessent stated, noting the U.S. is open to revisiting current tariffs.

Beijing echoed the sentiment, with China’s Ministry of Commerce acknowledging that Washington’s latest messaging reflects a more constructive tone. “We are prepared to engage in high-level dialogue focused on fair and reciprocal terms,” a ministry spokesperson said.

The diplomatic shift ignited optimism across global markets. BTC jumped 3%, reclaiming the $97,200 level, while Nasdaq 100 and S&P 500 futures gained nearly 1%. Analysts say the risk-on sentiment could continue if trade negotiations show tangible results.