Cryptocurrencies saw a surge in prices early Wednesday, fueled by renewed optimism surrounding de-escalating trade tensions between the United States and China. $BTC
coin, the leading digital asset, climbed 3.6% over the past 24 hours to reach $97,014, according to CoinDesk data.
The broader crypto market followed suit. Ether $ETH
(ETH) rose 3.8%, XRP gained 2.1%, and Solana $SOL
(SOL) posted a 3.3% increase. The rally reflects investors’ positive sentiment as improving geopolitical conditions drive demand for alternative assets.
Analysts suggest that easing international tensions often bolster risk assets like cryptocurrencies, as traders seek higher returns amid shifting global dynamics. While Bitcoin continues to lead the market, gains across other major altcoins signal growing investor confidence in the digital asset space.
As the situation between the U.S. and China develops, market watchers will keep a close eye on whether this upward momentum continues or meets resistance in the days ahead.
