Cryptocurrency markets witnessed a surge today as Bitcoin prices surged past $97,424, showing stability above $96,500 at press time. This increase was partly driven by the resolution of certain trade issues, which eased concerns over the crypto market’s future direction. The European Union has announced a bold initiative – a $50 billion plan to address trade imbalances between the US and Europe. This move could impact cryptocurrency markets significantly. [Note: Consider adding an introductory sentence about EU’s strategic move and its potential impact on trade relations.] The plan aims to narrow the trade deficit with the US, which is a key factor in shaping cryptocurrency trends.