Cryptocurrencies Surge as President Trump Hints at Significant Trade Agreement

The cryptocurrency market, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), has seen significant gains following a tease from US President Donald Trump about a forthcoming "major trade deal." Bitcoin's price is eyeing the critical resistance level of $100,000.

Meanwhile, Ethereum has risen by 3.6% following a significant update known as Pectra, which introduced 11 Ethereum Improvement Proposals. Ripple also experienced an increase of nearly 2%, along with other altcoins such as SOL, DOGE, ADA, and more, which charted gains between 2% and 5%.

Trump's announcement of the major trade deal, expected to be revealed tomorrow, has been shared on Truth Social but lacks specific details. Representatives from the US and China are anticipated to discuss this potential deal during the weekend.