
Bitcoin (BTC) soared beyond $104,900 on Saturday night, gaining 2% in response to U.S. President Donald Trump’s announcement of progress in trade negotiations with China.
The rally extended to major altcoins, with Ethereum climbing over 10% to $2,600 and Dogecoin surging 21% to nearly $0.25, reinforcing the crypto market’s strong correlation with global economic developments.
The breakthrough emerged from high-stakes negotiations at Villa Saladin in Geneva, where Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng engaged in 10 hours of trade discussions. Talks will continue into Sunday, signaling potential relief from escalating tariff tensions.