Bitcoin surged to $91,684 as U.S. Treasury Secretary Scott Bessent indicated potential progress in U.S.-China trade negotiations. His remarks suggested an imminent de-escalation in the trade war, prompting a 4.5% rise in Bitcoin's price and marking its largest daily gain since April 9. In addition to Bitcoin, other cryptocurrencies like Dogecoin and Solana also experienced significant gains. Bessent stated that the trade conflict with China is unsustainable for both nations, alleviating concerns from Wall Street regarding tariff impacts on economic growth. As reports of Bessent's comments surfaced, traditional markets rebounded, with the S&P 500 and Nasdaq each rising by 2.3%. Analysts noted that Bitcoin's rise during a time of uncertainty in risk assets highlights its emerging role as a safe haven for investors seeking stability amidst market volatility. The White House is actively engaging with multiple nations to advance trade discussions, reinforcing optimism around a resolution in trade policies.

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