Bitcoin Jumps as US Treasury’s Bessent Hints at ‘Perceived Progress’ on Trade Negotiations
Bitcoin's price surged to $91,684 on Tuesday, marking a 4.5% increase over 24 hours, and the largest daily gain since April 9. Altcoins also saw gains, with Solana-based Fartcoin rising 21% to $1.08, Dogecoin increasing 9% to $0.17, and Ethereum and Solana climbing 8% and 6% to $1,700 and $145, respectively. U.S. Treasury official Scott Bessent stated that a trade war with China is unsustainable, suggesting a potential de-escalation soon, which alleviated Wall Street concerns. The S&P 500 and Nasdaq rose 2.3% after a previous decline. White House Press Secretary Karoline Leavitt noted progress in trade negotiations, with 18 proposals on the table. Bitcoin's rally coincided with a rise in gold prices, indicating growing market confidence among institutional investors seeking alternative stores of value.
