Bitcoin Breaks $94K: Trump’s Trade Talk Shift Fuels Crypto Market Rally

Bitcoin surged past $94,000 this week, driven by a shift in U.S.-China trade talks and President Trump’s more conciliatory stance on tariffs. His remarks suggesting a potential easing of trade tensions sparked optimism in both stock and crypto markets. This surge propelled the S&P 500 higher, with tech giants like Nvidia, Meta, and Microsoft driving gains. Bitcoin’s remarkable rise broke through key support levels on its daily charts, indicating continued buyer dominance. While resistance at $95,000 remains strong, bulls are targeting $96,800. A breakthrough there could open the door to $98,000 and solidify this momentum.