Bitcoin price has climbed sharply to $96,500 following confirmation that China and the United States will resume formal trade negotiations this week. This marks the first direct engagement between both governments since President Donald Trump returned to office in January and introduced new tariffs on Chinese goods.
Crypto markets responded immediately after the announcement. Bitcoin price rose by more than $1,700 within 10 minutes, while other cryptocurrencies also recorded gains.
XRP price has increased by 1% to $2.15, Cardano price rose 3% to $0.679, and Dogecoin price climbed 1.5% to $0.1721. Analysts attributed the rise to growing investor confidence that tensions between the two economic powers may ease.
China Confirms Restart of US Trade Talks
US and Chinese trade officials are set to meet in Switzerland later this week. The discussions aim to reopen formal economic dialogue after months of growing tariff disputes. Both nations released official statements confirming the meeting.
US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will lead the American delegation. China’s Ministry of Foreign Affairs announced that Vice Premier He Lifeng will represent Beijing. He serves as 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,” said a spokesperson from China’s Foreign Ministry. The US Trade Representative’s office also confirmed that Greer will meet his Chinese counterpart to continue discussions on trade-related matters.
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