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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Why Bitcoin and Altcoins Are Rising: The Market Breathed After a Long Time! - Coin Bulletin
Bitcoin and Ethereum rose to $103,461 and $2,250 respectively, following Trump's trade announcements and Ethereum's Pectra update, while other altcoins also experienced a 10% increase.
Bitcoin rose from 98,800 dollars to 103,461 dollars in the last 24 hours, while Ethereum reached up to 2,250 dollars with an increase of over %20. Altcoins similarly showed an increase of around %10.
There are a number of important factors behind this rise. In particular, the statements made by US President Donald Trump increased the risk appetite in the market and mobilized investors. Trump indicated that tariffs on China could be reduced, signaling that a positive trade talk could be imminent. In addition, Trump said that interest rate cuts will support economic growth, noting that the US economy is doing well without rate cuts. These statements have boosted confidence in Bitcoin and other cryptocurrencies and have been one of the key drivers of the rise.
This increase has created a revival not only for Ethereum but also for the overall cryptocurrency market. The recovery of altcoins and strong performance in Ethereum has led investors to show more interest in cryptocurrencies. Market experts note that the resumption of trade talks between the US and China has encouraged investors to prefer taking risks.
The Growing Power of Bitcoin and Ethereum: Trading Discussions and Technical Updates
The momentum of Bitcoin exceeding 100,000 dollars is believed to stem from a potential trade agreement between the USA and the UK. Investors believe that improvements in global economic relations are positively reflected in the cryptocurrency market. These developments reinforce market expectations for future growth and strengthen the role of digital assets like Bitcoin as a safe haven.