TLDR
- Bitcoin price climbed to $96,500 following confirmation of US-China trade talks
- Bitcoin rose $1,700 within 10 minutes of the announcement
- XRP, Cardano, and Dogecoin also posted gains following the news
- First direct engagement between both governments since Trump returned to office
- India and Malaysia have submitted proposals to ease tensions with Washington
Bitcoin price has jumped to $96,500 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 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.
Meeting Details Announced
US and Chinese trade officials are set to meet in Switzerland this week. The meeting comes as Donald Trump has teased a “big announcement” related to trade.
Both countries have released official statements confirming the upcoming talks. These discussions aim to reopen formal economic dialogue after months of increasing tariff disputes.
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 represent Beijing 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,” a spokesperson from China’s Foreign Ministry stated.
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.
Trade Barriers and Tariffs
The talks follow several months of aggressive tariff measures by both nations. Since January, the US has placed new tariffs totaling 145 percent on Chinese imports.
These extra duties cover technology, steel, and agricultural products. China responded with 125 tariffs on US goods entering its market.
These 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 convince the Trump administration to relax recent measures.
Malaysia has reportedly made a similar offer. These moves have boosted optimism in the crypto market, reflected in the rising Bitcoin price.
The US administration has set a 90-day deadline for resolving several trade disagreements. That period is now approaching, and countries are working to find solutions before new tariffs take effect.
Treasury Secretary Bessent recently stated that the US is looking at offers “seriously” and that updates may follow soon.
“We are considering several proposals from major partners,” Bessent said during a press briefing. “We expect to make a major announcement soon, one that could affect global markets.”
The post Bitcoin (BTC) Price: Climbs to $96,500 as US-China Trade Talks Resume appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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