Bitcoin and Altcoins Have Started to Rise, Trading Developments Were Effective

In recent days, the cryptocurrency market has witnessed a significant turning point. Over the weekend, statements from Beijing and Washington softened trade tensions, creating a hopeful atmosphere for investors. Following Friday's historic crash, Bitcoin (BTC) rose by 3% on Sunday, surpassing 114 thousand dollars. This movement managed to attract investors' attention.

A similar upward trend was observed in altcoins as well. Assets such as Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) experienced value increases ranging from 6% to 8%. The cryptocurrency market began to regain momentum alongside the overall positive sentiment. One of the key factors supporting this situation was the announcement made by China's Ministry of Commerce over the weekend. The ministry stated that export controls on rare earth elements do not constitute a general ban and that suitable applications will continue to receive licenses. This message, which indicated that it would not have a major impact on global production and supply chains, bolstered investor confidence.

Concerns regarding trade wars in Turkey or other countries have also eased on the US side. Vice President Vance announced that President Donald Trump is maintaining friendly relations with Chinese Prime Minister Xi Jinping and is determined to be a reasonable negotiator. In a post on Truth Social, Trump stated, “Do not worry about China, everything will be fine! The U.S. wants to help, not hurt China.” These statements positively influenced investors' expectations.

However, experts emphasize that this recovery only compensated a small portion of Friday's sharp decline. Bitcoin is still down around 7% in the past week, Ethereum is down 8%, and Solana and XRP have faced a decline of about 15%. Dogecoin, on the other hand, experienced a 19% drop on a weekly basis. While hope has emerged in the market, analysts express that investors continue to act cautiously and carefully. Developments in US-China relations will continue to have a critical impact on the price direction of crypto assets.