The broader cryptocurrency market has charted a notable increase over the past hours following an announcement from the US president about a “major trade deal” expected to be announced tomorrow.
BTC, ETH, XRP, Altcoins Gain
As CryptoPotato reported, Bitcoin’s price is seemingly aimed for the important technical and psychological resistance level at $100,000.
The broader cryptocurrency market is also mostly in green, as seen in the heatmap below.
Source: Quantify CryptoETH is up by 3.6, though it’s worth noting that the protocol went through a major update called Pectra yesterday. It combines a total of 11 Ethereum Improvement Proposals (EIP), including account abstraction designed to transform regular wallets into smart contract-like powerhouses.
XRP is also in the green. Its price is up by almost 2. Other altcoins such as SOL, DOGE, ADA, AVAX, LINK, TONCOIN, HBAR, and more, are charting gains between 2 and 5.
Trump Teases Major Trade Deal
Representatives of the United States and China are expected to meet this weekend and discuss a potential trade deal.
That said, US President Donald Trump posted on Truth Social that there will be an announcement of a major deal coming up tomorrow, without sharing any concrete details.
Big News Conference tomorrow morning at 10:00 AM., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG AND HIGHLY RESPECTED COUNTRY. THE FIRST OF MANY.
