Bitcoin Surges $97K on US-China Talks Rumors

The digital asset BTC rose more than 3% on Wednesday, briefly breaking through $97,500, but by the close of trading its price had fallen to $97,000, recording an intraday peak of $97,840, Bloomberg writes.

The cryptocurrency's rise coincided with a rise in Asian stock indices following reports of upcoming talks between US Treasury Secretary Scott Bessent and a Chinese delegation in Switzerland. Market participants hope that the dialogue between the two largest economies will reduce tensions in trade policy and strengthen global risk onboarding.

Analysts also link the strengthening of Bitcoin to a decrease in demand for traditional “safe havens”: gold has fallen in price, and the dollar index has shown moderate growth.

Experts note that the success of the US-China negotiations could accelerate the integration of digital assets into the traditional economy, while their failure or delays could trigger a correction. For now, Bitcoin remains in a narrow range, waiting for key triggers to form a new trend.

Earlier, Binance founder Changpeng Zhao (CZ) shared an optimistic forecast regarding the future of Bitcoin in an interview with Farokh Radio.