Brokerage China: The easing of global trade tensions is an important reason for the recent strengthening of Crypto Assets.

According to Techub News, as reported by Securities China, the cryptocurrency market has recently experienced a big pump, with Bitcoin, XRP, BNB, Solana, DOGE, and ADA all showing good rise. Among them, Ethereum had a significant fluctuation, with its price soaring from $1811 to $2597.68 at one point, achieving a maximum rise of 43%, significantly outperforming other major Digital Money assets like Bitcoin.

From a macro perspective, the easing of global trade tensions is an important reason for the recent strength of Crypto Assets. According to CCTV News, on May 8 local time, the United States and the United Kingdom reached a new trade agreement, partially withdrawing tariffs in specific areas and further expanding market access for products from both sides. In addition, on the morning of May 10 local time, high-level economic and trade talks between China and the United States began in Geneva, Switzerland.

The above news significantly boosted market risk appetite and created a positive atmosphere for the crypto assets market, including Bitcoin and Ethereum.