Bitcoin Surges Past $100,000 as US-China Trade Talks Yield Positive Results

On May 10th and 11th, pivotal discussions between high-ranking officials from China and the US unfolded in Geneva, Switzerland, marking a significant moment for global economic relations. Following these talks, both nations reported notable progress, which has provided a much-needed boost to market sentiment. In response, US stock futures experienced a dramatic increase, with the Dow, S&P 500, and Nasdaq futures all surging by over 1%, signaling optimism among investors.

In tandem, a groundbreaking trade framework between the US and UK was unveiled on May 8th, aimed at diminishing tariff barriers and enhancing market access. President Trump hailed this development as a transformative step. This dual positive news cycle not only ended a three-week decline in major US stock indices but also propelled Bitcoin to surpass the $100,000 threshold, marking an impressive 6% increase in just one day.

Despite US Commerce Secretary Rutenick indicating that the existing 10% benchmark tariff will persist in the short term, the recent US-UK agreement serves as a potential blueprint for future negotiations. Analysts underscore that while specific agreement details are still pending, the current climate of optimism regarding global economic recovery and reduced trade tensions suggests that risk assets are poised for continued strength in the near term.

Amid this backdrop, BiyaPay emerges as a pioneering force in the crypto trading landscape. As the first multi-asset trading wallet, it seamlessly connects 30 fiat currencies with 200 digital currencies, facilitating instant exchanges. Users can conveniently engage with the US and Hong Kong stock markets by converting USD to USDT at a 1:1 ratio, with zero fees applicable for digital currency spot and contract trades as a Maker.