Bitcoin's price surged to $91,684, an increase of 4.5%, as investors reacted to U.S. Treasury Secretary Scott Bessent's optimistic remarks on the U.S.-China trade negotiations. Bessent indicated that a resolution to the ongoing trade war is expected soon, a sentiment echoed by White House Press Secretary Karoline Leavitt. This news positively impacted not only Bitcoin but also other cryptocurrencies, with significant gains seen in Dogecoin and Solana. The overall market was buoyed by hopes that easing tariff tensions could mitigate fears about economic impacts, prompting a rebound in stocks like the S&P 500 and Nasdaq. Analysts noted a divergence in Bitcoin's performance, as it rallied while other risk assets fell, suggesting growing market confidence, particularly among institutional investors looking for alternative stores of value. This day marked Bitcoin's largest gain since early April, reflecting shifting sentiments surrounding the trade discussions and their implications for economic conditions.

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