Analyst: Investors are changing their view on cryptocurrencies as altcoins break out of negative trends
after the implementation of the Pectra upgrade, ETH's weekly increase exceeded 30%, while other altcoins SOL, ADA, XRP, and BNB all 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 market uncertainty. Investors are changing their views on cryptocurrencies as altcoins have broken free from negative trends and discovered that a new round of risk appetite has brought buying pressure. However, traders are still closely monitoring the US-China trade negotiations this weekend, which are set to begin in Switzerland on Saturday evening. Any signs of a deadlock or escalating tensions could weaken the current uptrend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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