Bitcoin Climbs to $93K as Trade Sentiment Boosts Weekly Gains

Bitcoin surged on Friday, heading for a nearly 10% weekly gain after rallying earlier in the week amid growing optimism around global trade developments. The cryptocurrency reached $93,269, recovering from recent sideways movements.

The positive momentum was largely driven by signs that U.S. President Donald Trump may take a more flexible approach to trade tariffs. Markets responded quickly after Trump reversed threats against Federal Reserve Chair Jerome Powell and hinted at easing measures with China. There were also reports of upcoming U.S.-Japan tariff discussions, adding to investor confidence.

However, mixed messages surrounding the state of U.S.-China trade negotiations kept traders on edge. While the U.S. claimed talks were ongoing, China denied any such discussions had occurred. Still, a new report suggested that China may exempt certain U.S. goods from steep import tariffs, slightly improving market sentiment.

For Bitcoin, a traditional barometer of global risk appetite, this uncertainty translated into cautious trading. After briefly crossing the $94,000 mark midweek, price movements tightened over the following sessions.

In the altcoin space, most major tokens saw gains. Polygon surged 11%, Cardano rose 4.4%, Solana climbed 2.7%, and XRP edged up 1%. Dogecoin added 4.2%, while the $TRUMP token dipped slightly by 1%. Ethereum remained steady at around $1,770.