Bitcoin Soars Above $97K as U.S.-China Trade Talks Set for Revival

Bitcoin climbed over $97,000 on Wednesday as fresh momentum in U.S.-China trade discussions lifted investor sentiment across both crypto and equity markets.

The move followed remarks from U.S. Treasury Secretary Scott Bessent, who announced plans to meet Chinese officials in Switzerland later this week. “We remain committed to resolving trade imbalances without severing our economic ties,” Bessent said, hinting at possible tariff revisions and renewed cooperation.

China responded favorably, with a Commerce Ministry spokesperson stating that the U.S. appears open to “mutual adjustments” and that the conditions are now in place for “constructive negotiations.”

Market participants quickly priced in the optimism. Bitcoin rose 3% to around $97,200, while U.S. stock futures advanced, with the Nasdaq 100 and S&P 500 each up close to 1%. Traders interpreted the developments as a potential de-escalation of trade tensions, fueling risk appetite.