The developments continued throughout the weekend, driven by an impactful macro trio.
Maybe a key influence behind this was a post by President Trump on Truth Social, where he discussed ongoing trade negotiations held in Switzerland between the US and China.
“Today’s meeting is very positive,” Trump stated. “A lot of topics were covered, and numerous agreements made,” he added. “It’s a total reset, achieved in a friendly and productive manner. Our goal is to facilitate the opening of opportunities for American businesses in China, benefiting both nations.”
Adding to this positive momentum, early on Saturday Trump declared a “complete and immediate” ceasefire in the escalating conflict between India and Pakistan.
Completing this uplifting narrative, President Putin of Russia mentioned a willingness to engage in serious talks with Ukraine, suggesting talks take place in Türkiye without any preconditions next week.
In cryptocurrency news, Bitcoin (BTC) saw a recovery, now standing at $104,500, marking a rise of over 1.5% in the past day. Ether (ETH) has also shown strong performance, increasing by 7.7% during the same period.
