Bitcoin Surges Above $97K Amid US-China Trade Deal Hopes

Bitcoin is trading above $97K, influenced by optimistic sentiments surrounding a potential US-China trade deal. Chinese state media reports the US has contacted China to discuss tariffs.

Key points include:

24% of Polymarket users believe a trade deal will be announced before June.
$BTC has increased approximately 30% since April 9.
Market expectations suggest a possible breach of the psychological $100K mark soon.
Increased spot flows and trading activity indicate shifting market sentiment.

AI tokens are also performing well, with the AI coin market cap rising by 2.9% to $26B. Major gainers include $NEURAL, $ANON, and $HMT. Kava Labs reported reaching 100K users on its decentralized AI platform.

In summary:

$BTC shows strong upward momentum.
AI projects in Web3 are attracting significant investments.
Overall market conditions are favorable for crypto growth.

The current market environment suggests potential opportunities, but investors should conduct thorough research before making decisions.