Bitcoin traded around $93,400, marking a 2.2% increase over 24 hours, despite earlier dips following mixed signals from the Trump administration about trade tariffs with China. U.S. Treasury Secretary Scott Bessent clarified that President Trump has yet to offer significant concessions on China tariffs, which can reach up to 245%. However, Trump expressed optimism that tariffs would decrease substantially. The mixed signals from the administration seemed to calm market fears, leading to positive investor sentiment. Other cryptocurrencies like Ethereum and Solana also saw gains, with Ethereum up over 5% and Solana increasing by 4%. Following Bessent's and Trump's comments, spot Bitcoin exchange-traded funds experienced notable inflows, attracting $913 million, indicating a renewed interest from investors. Market analysts suggest that while volatility might return as negotiations with China evolve, the current sentiment is one of relief as traders respond to any signals indicating progress.

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