Bitcoin Approaches $105K Following Positive Macro Developments
The crypto market experienced a bullish trend over the weekend due to several positive macro developments:
- President Trump posted on Truth Social about successful trade talks in Switzerland between the U.S. and China, highlighting significant progress.
- Trump announced a "full and immediate" ceasefire in the conflict between India and Pakistan.
- Russian President Putin expressed willingness for serious talks with Ukraine without preconditions, suggesting discussions in Turkey next week.
Bitcoin (BTC) reached nearly $105,000, currently at $104,500, reflecting a 1.5% increase in the past 24 hours. Ether (ETH) outperformed with a 7.7% rise during the same period.