Investors are quickly changing their perspectives on crypto now that altcoins have departed from a negative trend and found buying pressure from a renewed risk-on sentiment, one analyst said.
What to know:
Bitcoin neared $104,000 for the first time in over two months amid a crypto market rebound.
Ethereum's Pectra upgrade and political support in the U.S. are driving altcoin gains.
President Trump's positive outlook on U.S.-China trade talks is boosting market sentiment.
Bitcoin pushed past the six-figure mark for the first time in over two months, coming within a hair of $104,000 in early Asian hours Saturday, as crypto markets staged a sharp rebound on improving macro sentiment and Ethereum’s latest network upgrade.
$DOGE he gains among majors with a 10% rally, while ether
$ETH rose 3.5% following the successful implementation of its long-awaited Pectra upgrade, bringing weekly gains over 30%.#