The recent surge in cryptocurrency prices has continued into the weekend, driven by positive developments in international diplomacy and trade. A significant contribution came from former President Trump’s post on Truth Social, which highlighted trade discussions between the United States and China occurring in Switzerland. Trump described the meeting as very successful, indicating that “many things discussed” led to a “total reset negotiated in a friendly, but constructive manner.” He expressed hope for an opening of China to American businesses, noting that “great progress” was made.
In addition to the trade news, Trump announced a “full and immediate” ceasefire between India and Pakistan, which added to the positive sentiment in the market. Similarly, Russian President Putin indicated his willingness to engage in serious discussions with Ukraine, suggesting talks could take place in Turkey without preconditions.
As a result of these encouraging developments, Bitcoin (BTC) experienced a notable rise, reaching just under $105,000 before settling around $104,500—a 1.5% increase within the last 24 hours. Ether (ETH) also showed significant growth, rising 7.7% during the same period, reinforcing its recent bullish momentum.
The convergence of these geopolitical factors reflects a growing optimism in the market, suggesting that cooperative international relations can benefit not only traditional markets but also the cryptocurrency sector. With the prospect of improved global trade relations and potential resolutions to longstanding conflicts, there is hope for continued growth in the crypto space as it responds positively to these macroeconomic signals.