The cryptocurrency market extended its bullish momentum into the weekend, driven by a wave of favorable geopolitical and economic news.
Leading the charge was a post from former President Donald $TRUMP on Truth Social, where he revealed progress in trade negotiations between the U.S. and China, held in Switzerland.
“A very good meeting today,” Trump wrote. “Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!”
Adding to the optimism, Trump also announced a “full and immediate” ceasefire between India and Pakistan, easing fears of escalating conflict.
Rounding out the trio of positive headlines, Russian President Vladimir Putin expressed willingness for “serious talks” with Ukraine, proposing open negotiations in Turkey next week with “no preconditions.”
In response to the encouraging news, Bitcoin ($BTC ) surged to nearly $105,000 before settling at $104,500, up 1.5% in the past 24 hours. Meanwhile, Ether ($ETH ) continued to outperform, climbing 7.7% over the same period.
