Possibility of US-China Tariff Negotiations Opens... "Bitcoin Nearing $100,000"

The leading virtual asset (cryptocurrency) Bitcoin (BTC) is showing strength during the day. Analysts suggest that investor sentiment has strengthened as the US and China are getting closer to tariff negotiations.

As of 2:35 PM (KST) on the 2nd, Bitcoin is trading at $96,845, up 2.00% from the previous day according to CoinMarketCap. Bitcoin soared to $97,400 at one point during the day, but its gains have slightly decreased since then.

Regarding this, the virtual asset specialist media CoinDesk analyzed that "Bitcoin is showing strength on news that the US and China are conducting trade negotiations."

Earlier, according to Jinshi News, a spokesperson for China's Ministry of Commerce stated, "Recently, the US side has actively sent messages to China through relevant departments, expressing a desire for dialogue," adding that "a review is underway."

However, China's existing stance remains unchanged. The spokesperson for the Ministry of Commerce said, "China's position is consistent. If we have to fight, we will fight to the end," adding, "If we need to talk, the door is open."

Meanwhile, there is also interest in whether Bitcoin will reach $100,000. Flowdesk recently reported in a market summary that "as Bitcoin surpasses $90,000, risk appetite is increasing in both the spot and derivatives markets, and funds continue to flow into Bitcoin spot ETFs."