Donald Trump provoked a sharp rise in the cryptocurrency market

Prices for the leading cryptocurrencies rose after US President Donald Trump announced an upcoming trade deal. The announcement, published on Truth Social, sparked optimism in the market, as it promised to announce a major deal with a «highly respected country.» The meeting between the US and China is expected to take place this weekend.

Bitcoin BTC $99,353.42 Bitcoin 2.13% Market capitalization $1.97 trillion VOL. 24 hours $2.21 billion continues to approach the key psychological mark of $ 100,000, confirming the upward trend of recent weeks. This level is seen as an important technical boundary for investors. Positive dynamics are also evident among other assets: Ethereum ETH $1,978.18 Bridged Ether (StarkGate) 7.93% Market capitalization $0.18 billion VOL. 24 hours $1.56 billion added 3.6%, XRP XRP $2.21 XRP 3.05% Market capitalization $129.09 billion VOL. 24 hours $0.3 billion gained almost 2%, and altcoins such as SOL $154.74 Binance-Peg SOL 5.19% Market capitalization $0.17 billion VOL. 24 hours $0.55 billion , DOGE $0.18 Binance-Peg Dogecoin 6.87% Market capitalization $0.47 billion VOL. 24 hours $0.19 billion , ADA $0.72 Cardano 6.61% Market capitalization $25.92 billion VOL. 24 hours $0.11 billion , AVAX $20.71 Binance-Peg Avalanche 5.55% Market capitalization $41.52 million VOL. 24 hours $52 million , LINK $14.83 Chainlink 7.44% Market capitalization $9.75 billion VOL. 24 hours $44.1 million ,, and HBAR $0.19 Hedera 5.70% Market capitalization $7.88 billion VOL. 24 hours $29.8 million are showing a rise of 2−5%.

The rise in the ETH price is partly due to a technical upgrade to the network — the launch of the Pectra project. This major update brings together 11 proposals to improve Ethereum, including an account abstraction feature that allows users to convert regular wallets into smart contract wallets. This gives users more flexibility and security.

Trump’s announcement was a catalyst for a generally positive mood in the crypto market. Although the details of the upcoming trade agreement have not yet been made public, investors perceive the fact of negotiations as potentially favorable for the economic environment.

Financial markets, including cryptocurrencies, are sensitive to geopolitical signals, and announcements from the United States traditionally have a significant impact. The expected announcement of the deal could be the next impetus for the growth of the value of digital assets if it has a positive background.