Bitcoin Rallies Past $97,000 as U.S.-China Trade Talks Spark Optimism for Market Stability And Reduce Tariff Uncertainty

Bitcoin rose 3.3% to $97,078 early Wednesday, leading a broader crypto rally as traders welcomed signs of easing U.S.-China trade tensions, according to Barron's. The price surge followed Treasury Secretary Scott Bessent’s comments late Tuesday, signaling a desire to avoid economic decoupling with China. Investors interpreted the shift toward dialogue and away from escalating tariffs as a positive signal for risk assets. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with Chinese officials in Switzerland this week to discuss trade tensions.