May 7, 2025
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Bitcoin Races Above $ 97K on US/China Trade Deal Progress

Treasury Secretary Scott Bessent is Headed to Switzerland for Talks with Chinese Representatites.”, – WRITE: www.coindesk.com

Bitcoin Races Above $ 97K on US/China Trade Deal ProgressTreasury Secretary Scott Bessent is Headed to Switzerland for Talks with Chinese Representatites. May 7, 2025, 12:57 AM

A Thawing in the Trade Stance from The Us and China Has Sent Risk Assets Higher in the Hours Since the Us Stock Market Closed on Wednesday.

“The Current Tariffs and Trade Barriers Are UnsustainAnable, But We Don’t Want to Decouple,” SAID US TREASury Secretary Scott Bessent Trade Talks This Coming Weekend.

“Senior USA Officials Have Made a Series of Remarks Hinting at Adjustments to Tariffs and Have Expressed, Through Various Channes, A Desire to Engage with The Chinese Said A China Ministry of Commerce Spokesperson. “China has carefully evaluated theme messages from the US Side and, After Fully Considering Global Expectations, China’s Own Interes, and The Appeals of American Indus and Conce the US ”

The News Has Quickly Sent Bitcoin (BTC) Higher by About 3% to $ 97.200. NASDAQ 100 and S&P 500 Futures Have Jumped About 1%.

Stephen Alpher

Stephen Is Coindesk’s Managing Editor for Markets. HE PREVIUSLY Served As Managing Editor at Se timesing Alpha. A Native of Suburban Washington, DC, Stephen Went to the University of Pennsylvania’s Wharton School, Majoring in Finance. He Holds Btc Above Coindesk’s Discalosure Threshold of $ 1,000.

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Stephen Alpher

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