Bitcoin's price has reached $96,500 following the resumption of trade talks between the United States and China. This rally comes amid increased optimism in the cryptocurrency market, as renewed negotiations between the two economic powers have helped reduce uncertainty and bolster positive sentiment. President Donald Trump stated his administration supports innovation and the growth of emerging technologies, including cryptocurrencies, to counter China's influence.
The news has led to increased trading activity on platforms like Flowdesk and stronger liquidity. The market sees growing institutional demand, with $1.5 billion in ETF inflows reflecting continued interest from larger investors. While the market previously experienced volatility due to trade tensions, the latest developments suggest a sustained period of growth for Bitcoin as trade dynamics evolve.