Over the past weekend, three significant diplomatic developments played a crucial role in elevating global cryptocurrency markets.
Bitcoin (BTC)
$
104,024 and Ethereum (ETH)
$
2,555 emerged with notable price increases over the last 24 hours. These diplomatic efforts, ranging from US-China trade talks to the India-Pakistan ceasefire and Russia-Ukraine negotiations, have reportedly bolstered investor confidence. The mentioned diplomatic steps have stoked risk appetite, thereby strengthening the orientation towards cryptocurrency assets.
Reflections of Diplomatic Developments on Markets
The trade round between the US and China held in Switzerland boosted market morale. A tweet from US President Donald Trump highlighting that the talks “went very well” helped alleviate investor anxiety. Trump announced that China would further open up to American businesses and that economic relations would revitalize. This statement calmed fluctuations across global financial asset groups and brought a positive atmosphere to the cryptocurrency market.
On the same day, a decision for a “full and immediate” ceasefire along the India-Pakistan line was announced. The sudden easing of political tension mitigated the risk perception and helped regional currencies recover their value. Meanwhile, Russian President Vladimir Putin’s offer of an “unconditional” meeting with Ukraine caught the attention of investors. The proposed talks, suggested to be held in Turkey, reduced geopolitical risk premiums and supported demand for cryptocurrency instruments.
Bitcoin and Ethereum Price Movements
Over the weekend, Bitcoin briefly approached $105,000. Although it retracted to $104,500, it was balanced with a 1.5% increase over the past 24 hours. Analysts claim that the successive flow of news reduced selling pressure on Bitcoin and stimulated buying interest. Investors are inclined to postpone profit-taking to strengthen their positions.
On the Ethereum front, the rally pace was higher. Ethereum experienced a 7.7% jump over the last 24 hours, attracting attention in both spot and derivative markets. The support from Ethereum ecosystem-focused funds and institutional players reinforced this rise. Market participants foresee continued interest in ETH as diplomatic tensions ease.
The diplomatic actions over the weekend revived investor confidence. The rise in BTC and ETH suggests a shift of risk appetite towards cryptocurrency assets. The real-time flow of news will continue to shape short-term price movements.