Cryptocurrency markets saw a sharp rise during early evening hours on Saturday in the U.S.
The rally was supported by favorable macroeconomic and geopolitical developments.
#Bitcoin reached nearly $105,000, its highest level since late January.
💯🔥😃
Ether outperformed, gaining 7.7% over 24 hours.
Bitcoin rallied Saturday evening as a wave of encouraging global headlines lifted investor sentiment. The cryptocurrency climbed to just under $105,000 before settling at approximately $104,500, marking a 1.5% gain over the past 24 hours.
Fueling the surge were several major macro developments:
1. U.S.-China Trade Talks: Former President Donald Trump shared an optimistic update on Truth Social regarding trade negotiations with China, held in Switzerland. “A very good meeting today,” he wrote. “Many things discussed, much agreed to... GREAT PROGRESS MADE!!!”
2. India-Pakistan Ceasefire: Trump also announced what he described as a "full and immediate" ceasefire between India and Pakistan, offering hope of de-escalation in a volatile region.
3. Russia-Ukraine Diplomacy: Russian President Vladimir Putin indicated a willingness to engage in "serious talks" with Ukraine, proposing a meeting in Turkey wit
hout preconditions.