Bitcoin surged to a new high of $105,000 overnight, following a period of strong market performance driven by positive developments in U.S.-China trade relations. The cryptocurrency's price climbed to $104,900 on Saturday, just 4% shy of its all-time high, before breaking through to $105,000. The rise was spurred by President Donald Trump's announcement of progress in U.S.-China trade talks in Switzerland, which led to a broad market rally. Other major cryptocurrencies, including Ethereum, which rose above $2,000, XRP, and Dogecoin, also experienced double-digit percentage gains in response to Trump's China post and the trade deal news, reflecting a bullish sentiment across the crypto market.