PANews May 10 news, according to CoinDesk, after the successful upgrade of Ethereum Pectra, the weekly increase of ETH has exceeded 30%, while other altcoins SOL, ADA, XRP, and BNB have also gained 2-6%.
LVRG Research Director Nick Ruck stated that traders believe the cryptocurrency industry may have finally found a second chance to hedge against market uncertainty. Investors are changing their views on cryptocurrencies as altcoins have shaken off negative trends and discovered new risk appetite that has brought buying pressure. However, traders are still closely monitoring the upcoming US-China trade negotiations this weekend, which will begin later Saturday in Switzerland. Any signs of a deadlock or renewed tensions could undermine the current upward trend.
