Bitcoin Surges to $104,900 on Trump's Hints of a 'Total Reset' in China Trade Talks

Bitcoin surged to $104,900 on Saturday evening, gaining 2% after President Donald Trump hinted at a “total reset” in trade talks with China.

Bitcoin price surged on Saturday evening as President Donald Trump hinted at a “total reset” in trade talks with China, potentially easing geopolitical pressure that often impacts the digital asset.

BTC/USD rose 2% over the past 24 hours to $104,900 with the rally extending to major altcoins, like Ethereum and Dogecoin, which saw double-digit percentage gains.

Trump made the announcement on Truth Social, following a high-level meeting in Geneva, Switzerland, where U.S. and Chinese officials discussed ways to de-escalate tensions surrounding tariffs and other trade issues.

“The meeting with President Xi of China was a very good one, in a beautiful setting in Geneva, Switzerland, at the discretion of the Swiss government, who acted as host, a role they filled magnificently. Many important issues were discussed, and a total reset was negotiated in a friendly and constructive manner. Time will tell!” Trump said in a post on Saturday.

The statement signaled potential easing of geopolitical pressure, which often benefits risk assets like Bitcoin.

Traders responded quickly, interpreting Trump’s remarks as a sign of a more stable trade environment, leading to swift price reactions across the market.

World no.2 crypto, Ethereum, rose over 10% to $2,600, while meme coin Dogecoin climbed around 21% to nearly $0.25, contributing to a broader altcoin rally.

The swift market response highlights how closely digital asset valuations are now linked to geopolitical events, as global liquidity and investor sentiment continue to play key roles in driving the value of cryptocurrencies.

As of the latest data, Bitcoin is trading at approximately $104,457 per unit.