Bitcoin Surges Past $97K on Hopes for U.S.-China Trade Deal; AI Tokens Rally as Kava Hits 100K Users

Bitcoin (BTC) soared above $97,000 during Asian trading hours as optimism grew around a potential U.S.-China trade agreement, despite market skepticism that a deal would be reached soon. Dogecoin led major altcoin gains, while Cardano (ADA), XRP, Ether (ETH), and BNB also saw modest rises. The overall CoinDesk 20 index climbed 2.2%. Market activity remains robust, with strong institutional inflows into Bitcoin ETFs, continued spot and derivative market momentum, and broad-based altcoin activity. Speculation about future BTC buys by major players further fueled positive sentiment. Meanwhile, Kava Labs celebrated reaching 100,000 users on its decentralized AI platform, sparking a rally in AI-related tokens, which outperformed the wider market. According to Kava Labs, user attraction stems from the platform's verifiability and privacy, appealing to both Web3 natives and users seeking alternatives to centralized AI.