According to Stock Talk (@stocktalkweekly), President Trump announced that Bessent is traveling to Switzerland to meet with Chinese officials, emphasizing that China is eager to make a deal. This high-level engagement signals potential progress in US-China trade relations, which could impact global risk sentiment and increase volatility in both traditional and cryptocurrency markets. Traders should monitor developments for signs of reduced trade tensions, as positive news could trigger bullish momentum in Bitcoin and altcoins due to increased investor confidence and potential capital flows from Asia (Source: Stock Talk Twitter, May 8, 2025).