According to ChainCatcher and CoinDesk, influenced by multiple favorable macro factors, Bitcoin (BTC) prices once approached $105,000, reaching a new high since late January. As of the time of writing, Bitcoin's price has slightly retreated to $104,500, with a 24-hour increase of 1.5%. Ethereum (ETH) performed even stronger, with a同期涨幅达 7.7%.
U.S. President Trump stated on social media that significant progress has been made in the trade negotiations between the U.S. and China held in Switzerland, and both sides have reached a consensus on a 'comprehensive reset' of economic and trade relations. On the same day, Trump also announced a 'comprehensive immediate' ceasefire agreement between India and Pakistan. Additionally, Russian President Putin expressed willingness to hold talks with Ukraine in Turkey 'unconditionally'.
Analysts point out that the easing of geopolitical tensions and the closure of traditional financial markets have driven funds into the cryptocurrency market.
