Bitcoin Surges 3% to $97,200 Amid U.S.-China Trade Talks
Recent developments in U.S.-China trade relations have positively impacted risk assets.
- U.S. Treasury Secretary Scott Bessent stated that current tariffs are unsustainable and plans to meet with Chinese officials in Switzerland for trade discussions this weekend.
- A China Ministry of Commerce spokesperson confirmed that China is willing to engage with the U.S. on tariff issues after assessing U.S. signals and global expectations.
- Bitcoin has increased by approximately 3%, reaching $97,200.
- Nasdaq 100 and S&P 500 futures rose by about 1% following the news.