Bitcoin Surges Above $97K Amid U.S.-China Trade Deal Discussions
Bitcoin (BTC) trades above $97,000 amid optimism over U.S.-China trade negotiations, despite skepticism about a deal this month. The U.S. has reached out to China regarding tariffs.
Market Highlights:
- Dogecoin (DOGE) rose 4% in 24 hours.
- Cardano (ADA), XRP, ether (ETH), and BNB increased by 1-3%.
- CoinDesk 20 (CD20) index gained 2.2%.
- Movement's MOVE dropped 21% after founder Rushi Manche was suspended due to token manipulation allegations.
Bettors on Polymarket assign only a 20% chance of a trade deal by June, influenced by recent hawkish U.S. rhetoric.
Positive sentiment is rising as Bitcoin approaches $100,000, driven by strong liquidity, increasing volumes, and institutional ETF inflows of $1.5 billion.
Strategy Group announced plans to raise $21 billion for additional BTC purchases, reflecting confidence in institutional demand.
Kava AI Growth
AI tokens gained, spurred by Kava Labs reaching 100,000 users on its decentralized AI platform, marking a 3% increase in the AI segment.
Kava’s appeal lies in offering verifiability and privacy, attracting users seeking alternatives to centralized AI systems.