#NewsTrade Here are some key news and trends in the trade market:

Market Updates

- The S&P 500 index is trading at 5811.50 with a 2.57% increase, while the Nasdaq index is trading at 20720.00 with a 3.26% increase.

- Bitcoin is trading at $104,481.00 with a 0.01494% increase, and Ethereum is trading at $2,562.08 with a 1.91826% increase.¹ ² ³

Trade Agreements

- The US and China have agreed to reduce tariffs to 10% for 90 days, starting May 14, which has boosted market sentiment and potentially paves the way for risk assets to surpass their January peaks.

- Analysts predict a potential catch-up rally in altcoins, US equities, and the US Dollar Index following the trade agreement.⁴

Cryptocurrency Market

- Altcoins such as Pi Network (PI), Kaspa (KAS), and Peanut the Squirrel (PNUT) are surging due to renewed risk-on sentiment.

- PI has rallied 105% in 12 days to trade at $1.25 ahead of a major ecosystem announcement, while KAS is up 6% to trade at $0.12.⁵

Other News

- XRP price has jumped due to Trump's trade deal tease, whale accumulation, and a bullish technical breakout.

- Stablecoins continue to attract attention from big tech firms and legacy financial institutions, reacting to demand from retail investors.⁶