Bitcoin surged past the $97,000 mark shortly after the US and China announced their resumption of trade talks in Switzerland on May 10th. The announcement sent ripples throughout the cryptocurrency market, with Bitcoin gaining 2.7% as investors reacted to the renewed geopolitical tensions. Market experts attribute this surge to a combination of institutional interest and increased expectations for favorable trade agreements. Scott Bessent, US Treasury Secretary, confirmed that these negotiations will begin on May 10th in Geneva, Switzerland, although they are currently still in their early stages. The announcement precedes the May 7 Federal Reserve meeting, potentially influencing speculative financial positions in anticipation of future economic developments.