Bitcoin Breaks $97,000 as Trade Optimism Fuels Crypto Rally

Cryptocurrency markets are experiencing a surge driven by positive global trade developments and strong Bitcoin performance. Bitcoin hit a new all-time high of $97,469 today, fueling a broader rally across the digital asset space. Global crypto market cap surged 1.64% to reach $2.98 trillion over the past 24 hours, with Bitcoin and Ethereum leading the charge. The surge is fueled by increased optimism over global trade dynamics, spurred on by the U.S. government’s decision to restart trade negotiations with 18 countries excluding China. This shift has sparked a risk rally, contributing to Bitcoin’s sharp increase.