Cryptocurrency prices have resumed a collective rise led by Bitcoin during trading on Wednesday, following a strong decline yesterday.

This rise came with calm in the markets and a reduction in fears after the White House announced the extension of the trade truce with China for an additional 90 days, ending on November 10th.

Cryptocurrencies had recorded strong gains at the beginning of the week, with Bitcoin nearing its all-time highs, surpassing the $122,000 level.

Ethereum, the second-largest cryptocurrency by market capitalization after Bitcoin, also achieved strong gains, contributing to the rise in the crypto market.

However, the cryptocurrency market experienced a nearly collective decline led by Bitcoin yesterday due to profit-taking and corrections. During today's trading, Bitcoin recorded an increase of about 0.56%, trading at the level of $119,543.

The market capitalization of the world's most popular cryptocurrency rose to $2.38 trillion, while the trading volume over the last 24 hours decreased to $73.05 billion.

On a weekly basis, Bitcoin successfully added about 5.15% to its value, achieving significant gains.

As for the prices of other cryptocurrencies, the price of Ethereum jumped by 8.36% to $4,644, while the price of Binance Coin increased by approximately 3.95% to $840.