Bitcoin Price Update: $105K Could Be on the Horizon

The recent surge in cryptocurrency prices continued over the weekend, driven by a combination of favorable macroeconomic news.

A significant factor contributing to this trend was a post from former President Trump on Truth Social, which mentioned ongoing trade negotiations between the U.S. and China in Switzerland.

Trump expressed optimism about the discussions, stating, “Today’s meeting was productive, addressing numerous topics with consensus reached.” He added that the negotiations were conducted in a positive and constructive spirit, highlighting the importance of fostering business ties between the two nations.

Additionally, Trump declared a “full and immediate” ceasefire amid escalating tensions between India and Pakistan earlier on Saturday.

In a further positive development, Russian President Putin announced his willingness to engage in “serious discussions” with Ukraine and proposed meetings in Turkey next week without preconditions.

Bitcoin experienced a price increase, climbing to nearly $105,000 before settling at approximately $104,500, representing a 1.5% gain in the last 24 hours. Meanwhile, Ether has showcased enhanced performance, rising by 7.7% during the same timeframe.