Ethereum Surges After Pectra Upgrade, Altcoins Follow Amid Renewed #Investor Optimism
According to a report from #PANews , Ethereum has seen a significant boost in value following the successful implementation of its Pectra upgrade. The upgrade has helped drive ETH up by more than 30% over the past week. Other major altcoins, including Solana (SOL), Cardano (ADA), Ripple (XRP), and Binance Coin (BNB), have also experienced modest gains ranging between 2% and 6%.
Nick Ruck, Head of LVRG Research, highlighted a growing optimism among traders, who see #Cryptocurrencies: as a potential hedge against global economic uncertainty. As altcoins begin to recover from previous downtrends, #investor sentiment appears to be shifting, triggering renewed risk appetite and increasing market activity.
However, despite the current bullish momentum, market participants are keeping a close eye on geopolitical developments—particularly the upcoming U.S.-China trade talks scheduled to begin late Saturday in Switzerland. Any signs of a breakdown or rising tensions during these discussions could negatively impact the ongoing rally in the #crypto c sector.
