Bitcoin approaches $ 97,000 while US-Chinese trade discussions

Bitcoin jumped almost 3% to approach $ 97,000 after China and the United States announced their intention to resume trade negotiations this week, stimulating the feeling of investors through risks before the FOMC meeting today.

“I can’t wait to make productive discussions while we are working to rebalance the international economic system to better serve the interests of the United States,” said US Treasury Secretary, Scott Bessent, May 6 statement.

US and Chinese trade officials to meet in Switzerland

Trade officials China And the United States is expected to meet in Switzerland later this week. The discussions aim to reopen the dialogue between the following two weeks of the growth in tariff disputes.

Since Trump entered the White House for a second term in January, the United States imposed new prices totaling 145% on Chinese imports. In retaliation, China responded with its own 125% prices on American products.

This sparked a steep dive on the markets initially while investors fled risk assets, before a rebound that came after Trump reduced many prices on other nations and attenuated his rhetoric.

Thanks to @Potus“Leadership, the world renegotiates.

Prices and other commercial obstacles drop. We bring back strategic industries at home – from steel to semiconductors through medicine – and Americans will get a better deal.@Ingrahangle pic.twitter.com/mfa0lbddh8

– The secretary of the Treasury Scott Bessent (@sescottbessent) May 7, 2025

Trade negotiations now taking over the two largest economies in the world, the feeling of cryptographic investors has become more positive. THE Index for fear of crypto and greed is 67 years old, signaling “greed” on the market.

This marks an increase of 8 points in the last 24 hours and is a substantial improvement in relation to reading the “extreme fear” of 23 just a month ago.

Bitcoin and other top 10 Cryptos Climb

BTC Benefiting from improving feeling, its price reaching 24 hours higher than $ 97,000. He has since fallen at $ 96,928 at 4:04 a.m. Despite the retirement, Bitcoin is still up by almost 3% in the last 24 hours, according to Coinmarketcap.

Almost every 10 best cryptos followed Bitcoin’s advance. The chief of Altcoin Ethereum (ETH) and even Coin Titan Dogecoin (DOGE) saw their prices increase respectively by 1% and 2%.

XRP, BNB, Solana (Sol) and Cardano (ADA) also managed 24 -hour gains, with Tron (TRX) displaying a minor loss.

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