Bitcoin Soars Past $88K After Trump-Xi Phone Call: Market Optimism Fuels Crypto Surge

Following a positive update from former President Donald Trump regarding his phone call with China’s President Xi Jinping, Bitcoin price surged past $88,000. This optimism in global markets boosted the appeal of cryptocurrencies, leading to a broad-based risk-on move across the financial landscape. The event marked a significant shift in sentiment, particularly impacting both equity and cryptocurrency markets, as seen through increased gains for the S&P 500 and Nasdaq. The positive dynamic was further bolstered by institutional investors who continued to engage with Bitcoin despite recent spot ETF inflows and corporate treasury confidence.