Bitcoin nears $87,000 before Trump Xi meeting

Bitcoin's value has risen to approximately $87,000, supported by increased financial inflows into exchange-traded funds, which recorded net positive flows of $1.71 billion since the start of the week — the strongest weekly performance since late August. This comes ahead of an anticipated summit between Trump and Xi, amid growing confidence among institutional investors and market optimism despite the absence of new regulatory legislation, with alternative cryptocurrencies such as Ethereum gaining 1.1% and Reef surging 6.4%.

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