Bitcoin (BTC-USD) surged to nearly $105,000 Saturday evening before retreating slightly, as a series of global diplomatic breakthroughs sparked a weekend rally in digital assets.
Bitcoin rose to $104,500, up 1.5% in 24 hours, after briefly nearing $105,000 its highest since January. Ether (ETH-USD) led gains among major tokens, up 7.7% over the same period.
Market sentiment improved after U.S. President Donald Trump said a very good meeting was held in Switzerland with Chinese officials, calling the outcome a total reset of trade relations. Earlier that day, Trump also declared a full and immediate ceasefire between India and Pakistan. Russian President Vladimir Putin added to the optimism, signaling a willingness to engage in serious talks with Ukraine in Turkey next week.While Bitcoin and Ether gained, several altcoins showed mixed performance. Solana (SOL-USD) dropped 2.35%, Dogecoin (DOGE-USD) fell 3.34%, and BNB (BNB-USD) slipped 1.37%. The standout was PI, soaring 62.83%, while stablecoins USDT and USDC remained anchored around parity.
The strong reaction suggests heightened sensitivity of crypto markets to geopolitical clarity. Diplomatic progress on multiple global fronts may offer short-term relief from risk aversion, potentially aiding broader adoption and capital inflows into crypto.
The next test will be whether sentiment holds during the week as markets digest official responses and follow-through on diplomatic signals.
This article first appeared on GuruFocus.
