$BTC After a brief decline, cryptocurrencies began to rise again during trading on Wednesday, led by Bitcoin, which is rapidly approaching the $104,000 level.

The crypto market witnessed a collective recovery amid easing trade tensions following the announcement that the United States reached a trade agreement with China, which helped calm the markets and return to riskier assets, including cryptocurrencies.

At the same time, the market received strong support after New York City Mayor Eric Adams announced the first city summit dedicated to the cryptocurrency sector next week.