The cryptocurrency market has seen significant gains as trade talks between the US and China are set to commence. Major cryptocurrencies, including Bitcoin and Ethereum, have recorded impressive increases, with Bitcoin reaching around $97,000, which marks a 3% rise, while Ethereum has climbed to approximately $1,840, also reflecting a 2% gain. This rally has occurred amidst increased optimism in the market, driven by potential advancements in economic discussions between the two global powers. Concurrently, the Federal Open Market Committee (FOMC) is scheduled to announce an important decision today, further influencing market dynamics. The ongoing discussions indicate a readiness to engage with cryptocurrency more openly, as evidenced by significant investments in crypto reserves by state authorities. These developments are shaping investor sentiment, leading to a stronger crypto market, which could continue to evolve with updates from the FOMC and international trade dynamics.

Source 🔗