Bitcoin surged to $104,900 on Saturday evening, gaining 2% after President Donald Trump hinted at a “total reset” in trade talks with China.
The rally extended beyond Bitcoin, boosting major altcoins like Ethereum and Dogecoin, which saw double-digit percentage gains.
Trump made the announcement on Truth Social, following a high-level meeting in Geneva where U.S. and Chinese officials discussed ways to de-escalate tensions surrounding tariffs.
Trump described the meeting as a “very good” one, adding that many important issues were discussed and a total reset was negotiated in a friendly and constructive manner.
The statement signaled potential easing of geopolitical pressure, which often benefits risk assets like Bitcoin.
Traders responded quickly, interpreting the remarks as a sign of a more stable trade environment.
Ethereum rose over 10% to $2,600, and Dogecoin climbed around 21% to nearly $0.25, contributing to a broader altcoin rally.
The swift market response highlights how closely digital asset valuations are now linked to geopolitical events, as global liquidity and investor sentiment continue to play key roles in driving the value of cryptocurrencies.
As of the latest data, Bitcoin is trading at approximately $104,457 per unit.
