Analyst: Investors Are Changing Their View on Cryptocurrencies as Altcoins Shake Off Negative Trends
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After the Pectra upgrade implementation, ETH's weekly increase exceeded 30%, while other altcoins like SOL, ADA, XRP, and BNB saw gains of 2-6%. Nick Ruck, head of LVRG Research, stated that traders believe the cryptocurrency industry may have finally found a second chance to hedge against market uncertainty. Investors are changing their perception of cryptocurrencies as altcoins have shaken off negative trends and discovered a new round of risk appetite, leading to buying pressure. However, traders are still closely monitoring the US-China trade talks this weekend, which will begin late Saturday in Switzerland. Any signs of a stalemate or escalating tensions could undermine the current rally.
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