New York: Bitcoin rose on Thursday, approaching the key level of $100,000 as risk appetite increased following indications of a potential trade deal by U.S. President Donald Trump. This development comes after he signaled a significant agreement, boosting optimism and impacting market dynamics.

According to Azeri-Press News Agency, the world's largest cryptocurrency continued its upward trajectory from the previous session. This rise was initially driven by announcements from both the U.S. and China, confirming that some trade discussions are scheduled for this week. The positive sentiment from these talks helped Bitcoin overcome concerns about a slowing U.S. economy and trade-related disruptions highlighted by the Federal Reserve.

Bitcoin increased by 2.6% to reach $98,868.6 by 01:28 ET (05:28 GMT), with an intraday high of $99,381.2.