News of a potential US-China trade deal, confirmed by U.S. Treasury Secretary Scott Bessent, sparked immediate movement in the Bitcoin market. Following two days of high-level negotiations in Geneva, talks involving top officials from both nations were deemed “productive.” The official briefing tomorrow is expected to provide more details on this development. At the time of the announcement (around 8:30 PM UTC), Bitcoin was trading at $103,879.63, and soon after, it surged past $104,070 (around 8:55 PM). The market appears to be interpreting this as a positive sign amidst reduced macroeconomic uncertainty, which may benefit risk assets including cryptocurrencies. While the move was modest compared to historical crypto volatility, it highlights Bitcoin’s increasing sensitivity to major geopolitical developments and economic policy shifts. Whether Bitcoin can break its all-time high set earlier this year remains to be seen as the market cap continues to rebound and trade tensions ease.