Bitcoin Eyes $100K as Trade Talks Ease Tensions and AI Tokens Surge

Bitcoin (BTC) surged past $97,000 during Friday’s Asian trading hours, buoyed by renewed optimism around U.S.-China trade negotiations. Chinese state media confirmed that Washington has reached out “through multiple channels” to discuss tariffs, easing market jitters that previously triggered steep BTC price drops.

Dogecoin (DOGE) led gains among major cryptocurrencies, rising 4% in 24 hours. Cardano (ADA), XRP, Ethereum (ETH), and Binance Coin (BNB) also posted modest gains of 1-3%. The CoinDesk 20 index climbed 2.2%, signaling broader market strength. Meanwhile, Movement’s MOVE token plunged 21% following the suspension of founder Rushi Manche amid allegations of token manipulation.

Despite positive signals, traders on Polymarket remain cautious, pricing only a 20% chance that a U.S.-China deal will materialize by June. Still, sentiment appears to be shifting. Flowdesk, a crypto trading firm, noted rising spot and derivatives market activity, with liquidity strengthening and institutional demand surging. Notably, Bitcoin ETFs saw $1.5 billion in inflows.

Momentum is also fueled by Strategy’s ongoing BTC accumulation. CEO Michael Saylor revealed plans to raise $21 billion for additional purchases. Analysts at Presto Research cited the firm’s growing institutional credibility, including new valuation metrics like BTC Torque.

Meanwhile, AI tokens outperformed, climbing 3% following news from Kava Labs. The decentralized AI platform reached 100,000 users, driving bullish sentiment. Kava’s co-founder Scott Stuart emphasized the platform’s appeal lies in its transparency and privacy, offering a decentralized alternative to centralized AI models.

As institutional interest grows and crypto infrastructure matures, Bitcoin appears poised to test the $100K mark, with strong momentum across both legacy and emerging digital assets. Investors remain watchful, but optimism is steadily building.