Three important diplomatic development was effective in the weekend rise in global crypto money markets. Bitcoin (BTC) $103,592.29 and Ethereum (ETH) 
$2,397.72the price increases attracted attention in the last 24 hours. Analysts report that this process, which extends from US-China trade talks to the ceasefire of India-Pakistan, Russia-Ukraine negotiations, increases investor confidence. The diplomatic steps in question strengthened the orientation to crypto money vehicles while fueling the risk appetite.
Reflection of diplomatic developments in the market
The trade tour between the US and China in Switzerland increased the morale of the markets. US President Donald Trump’s tweet shared with the emphasis on “very well”, leaving behind the uneasiness that bends the lips of investors. Trump said that China will open more to the American business world and economic relations will be revived. This statement soothed in the global financial assets groups and carried positive air to the crypto currency market.
On the same day, “Full and Immediately” Armistice Decision was announced on the Indian and Pakistan line. The sudden relaxation of political tension alleviated the perception of risk and gathered the value of regional currencies. On the other hand, Russian President Vladimir Putin’s “prerequisite” meeting proposal with Ukraine entered the radar of investors. The negotiations proposed in Türkiye reduced the geopolitical risk premium and supported the demand for crypto money vehicles.
Mobility in Bitcoin and Ethereum Price
During the weekend, Bitcoin approached $ 105,000 for a short time. Then, although it retreated to $ 104,500, it was balanced with an increase of 1.5 percent in the last 24 hours. Analysts, consecutive news flow to Bitcoin’e reducing the pressure of the purchase, he says. Investors tend to postpone profit realization to strengthen their positions.
On the Ether front, the rally had a higher speed. Ethereum, who had a leap of 7.7 percent in the last 24 hours, drew attention in both spot and derivative markets. Ethereum ecosystem -oriented funds and the support of corporate players reinforced this rise. Market participants foresee that the orientation to ETH will continue with the descent of the tension on the diplomatic fronts.
Diplomatic steps at the weekend revived the trust of investors. In BTC and ETH, the rise showed that the risk appetite shifted to crypto money vehicles. Instant news flow will continue to shape short -term price movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
