Major virtual assets surged in unison as the U.S.-China tariff war is likely to ease.

According to CoinMarketCap on the 23rd, Bitcoin is trading at $93,330.56, up 6.67% from 24 hours ago as of 9:30 a.m.

Major virtual assets surged in unison as the U.S.-China tariff war is likely to ease.

According to CoinMarketCap on the 23rd, Bitcoin is trading at $93,330.56, up 6.67% from 24 hours ago at 9:30 a.m.

Bitcoin, which had been sideways from $80,000 in April, surpassed $90,000 the day before and immediately surpassed the $93,000 mark due to the possibility of easing the U.S.-China tariff war. This is the highest level recorded in about 51 days since March 4.

Altcoins are also on the rise all at once. In particular, Ethereum, which has been continuously weakening recently, is trading at USD 1752.23, up 11.26% from 24 hours ago at the same time. However, Ethereum is still down 47.40% from the beginning of the year.

Other altcoins such as Cardano (9.81%), Solana (8.84%), XRP (6.72%), and BNB (3.53%) are also bouncing back together.

The reason why virtual assets rose all at once was that U.S. President Donald Trump and U.S. Treasury Secretary Scott Bessent mentioned the possibility of negotiations with China.

"Negotiations with China are smooth, and the 145% tariffs currently imposed are very high. If the negotiations go ahead, the tariffs will go down very much, even if not 0%." Trump said after the inauguration ceremony of Paul Atkins, chairman of the Securities and Exchange Commission (SEC), in the Oval Office.

"We expect the trade war with China to ease in the near future, and everyone agrees that the current tariff rate cannot sustain the current situation." U.S. Treasury Secretary Bessent said so at a private investor summit hosted by JPMorgan.

As a result, coin-related stocks rose all at once in the New York Stock Exchange on the 22nd (local time). First, the Bitcoin reserve company Strategy rose 7.95% to close at $343.03.

Coin trading-related stocks such as Coinbase (8.57%) and Robinhood (5.62%) also rose, and coin mining stocks such as BitDear (23.42%), Mara Holdings (14.40%), and Riot Platform (13.20%) posted double-digit surges.