🔸Bitcoin surpassed $104,000 for the first time in over two months due to a general rebound in the cryptocurrency market. This increase is attributed to improved macroeconomic sentiment, the successful Pectra update of Ethereum, and positive comments from President Trump regarding trade talks between the U.S. and China.

Altcoins, led by Dogecoin and Ethereum, also saw significant gains. This movement comes following pro-crypto developments in the U.S. at the state level and a shift in investor sentiment towards greater risk-taking.

Analysts believe that the cryptocurrency sector may be finding new momentum as a hedge against market uncertainty. The Pectra update of Ethereum, aimed at improving efficiency and scalability, is also driving its price.

Despite the optimism, traders are keeping a close eye on the trade negotiations between the U.S. and China this weekend, as any tension could stall the current rally.