Bitcoin rose on Wednesday, tracking an improvement in risk appetite after the U.S. and China said some trade dialogue will happen this week, while more buying action by Strategy also helped, APA reports citing investing.com.
But despite Wednesday’s gains, the world’s biggest cryptocurrency remained squarely in a $90,000 to $97,000 trading range established in the past week, after a rally through late-April petered out.
Bitcoin rose 2.2% to $96,446.5 by 01:22 ET (05:22 GMT), with $100,000 being eyed as the next major milestone for the coin. Bitcoin has floundered well below the level for the past three months.
Broader crypto prices also clocked small gains.
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