New York: Bitcoin rose on Wednesday, tracking an improvement in risk appetite after the U.S. and China announced that some trade dialogue will occur this week. This development, alongside increased buying action by Strategy, contributed to the gains, APA reports citing investing.com.

According to Azeri-Press News Agency, despite Wednesday’s gains, Bitcoin, the world’s largest cryptocurrency, has remained within a trading range of $90,000 to $97,000 established over the past week. This range follows the tapering off of a rally that began in late April. By 01:22 ET (05:22 GMT), Bitcoin rose 2.2% to $96,446.5, with $100,000 being eyed as the next significant milestone for the cryptocurrency. However, Bitcoin has been struggling to reach this level for the past three months.

Broader cryptocurrency prices also experienced small gains, reflecting a slight positive shift in the market.