Bitcoin Price Has Jumped to $96500 After China Confirmed It Will Restart Trade Talks With the US

The price of Bitcoin rose rapidly on Wednesday after China confirmed it will restart trade talks with the United States. This marks a key development in the ongoing economic relationship between the two global powers.

The world’s leading cryptocurrency climbed more than 1% to $96,500. The price increase happened quickly. Bitcoin rose by more than $1,700 in just 10 minutes following the announcement.

Other cryptocurrencies also saw price increases. XRP rose 1% to $2.15, Cardano increased 3% to $0.679, and Dogecoin climbed 1.5% to $0.1721.

Market analysts connect these gains to growing investor confidence. Many believe that tensions between the world’s two largest economies might be cooling down.

This will be the first direct engagement between both governments since President Donald Trump returned to office in January. Since his return, Trump has introduced new tariffs on Chinese goods.

Officials from the US and China will meet in Switzerland this week to discuss trade issues, both countries' state media said on Wednesday. The meeting comes as Donald Trump has teased a “big announcement” related to trade.

Both the US and China have announced the meeting of their senior trade officials in Switzerland this week, setting the stage for the resumption of high-level economic dialogue.

The two economic giants have been locked in a months-long trade war, with both sides raising tariffs on billions of dollars worth of goods.

The American delegation will be led by US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer. China’s Vice Premier He Lifeng will be the lead official for China-US trade relations.

“The Vice Premier will hold a meeting with US Treasury Secretary Scott Bessent to discuss trade issues,” a spokesperson from China’s Foreign Ministry said.

The US Trade Representative’s office also confirmed the meeting. They stated that Greer will meet his Chinese counterpart to continue discussions on trade matters.

Talks follow months of aggressive tariff measures by both nations. Since January, the US has placed new tariffs totaling 145 percent on Chinese imports.

Those extra duties cover technology, steel, and agricultural products. In response, China imposed 125 tariffs on US goods entering its territory.

Those countermeasures target key US exports such as soybeans, semiconductors, and automobiles. The high trade barriers have disrupted commerce between the two nations.

The US Treasury has stated it remains open to resolving disputes if other countries offer “fair and reciprocal terms.” The Treasury also mentioned that trade teams are engaged with 17 countries as part of broader economic talks.

In a related development, India and Malaysia have submitted proposals to ease tensions with Washington. India has offered zero tariffs on selected sectors, hoping to persuade the Trump administration to relax recent measures on Indian goods.

Malaysia has reportedly made a similar offer, placing several sectors on the tariff-free list in an effort to secure a trade deal with the US.

These moves have reportedly boosted optimism in the crypto market, which is evident in the recent price increases of Bitcoin and other cryptocurrencies.

The US administration has set a 90-day period for reaching agreements to defuse trade disputes with several nations. That period is now approaching, and countries are working diligently to find solutions before new tariffs take effect.

Treasury Secretary Bessent recently stated that the US is considering proposals from its major partners very seriously and that they may have an important announcement to make soon, which could have a significant impact on global markets.

“We are considering several proposals from major partners in the coming 90 days,” Bessent said during a press briefing.

“We expect to make a major announcement soon, one that could affect both the US and global markets.”