Bitcoin prices surged past $97,000, reflecting a positive shift in market sentiment fueled by improving trade relations between the U.S. and China. A strategic Bitcoin reserve initiative from the U.S. government further bolstered investor confidence. Meanwhile, several states across the U.S. are considering laws allowing for the creation of their own crypto reserves. Bitcoin’s price surged 3.3% in the last 24 hours to reach around $97,078. This jump was supported by optimism surrounding eased trade tensions between the US and China, renewed interest in the crypto market spurred by U.S. regulatory changes under the Trump administration, and recent positive developments from the U.S. regarding its Strategic Bitcoin Reserve.