The crypto market is experiencing a surge, with many coins rising in value, thanks to hints of a significant trade deal announcement from President Donald Trump. Here's what's happening
Market Movement: The wider market is seeing notable gains, with coins like XRP, ETH, ADA, and DOGE rising between 4% to 6%.
Ether Whale ICO Participant: A participant from the ICO period sold 5,200 ETH, valued at $9.54 million, contributing to a series of recent liquidations.
Bitcoin: Currently trading at $97,093.36, Bitcoin is up 0.57% from 4 p.m. ET Thursday and 0.96% over the last 24 hours.
Trump's Trade Policies: Fears of Trump's inflationary policies had previously caused market dips, but recent hints of trade deals are boosting market sentiment.
Recent Developments:
India-US Trade Talks: India and the US have agreed to resolve trade and tariff rows after talks between Trump and Modi.
China-US Trade: China is reportedly preparing to contest Trump's 10% tariffs via the WTO and resume trade talks to revive the Phase One agreement
Stock Market Updates:
S&P 500: Up 0.76% to 5,672.20
