Cryptocurrency market posted impressive gains over the weekend, driven by positive geopolitical developments

Bitcoin (BTC) reached $104.980, up 1,5% in the past 24 hours, while Ether (ETH) rose 7,7% in the same period. Three main events contributed to this movement.

Cryptocurrencies continued to rise on Sunday, extending gains from the previous session as positive geopolitical developments sparked optimism among investors and boosted demand for riskier assets.

Bitcoin rose 1.5% in the past 24 hours to $104,980 by 08:42 ET (12:42 GMT), extending gains from Friday, while Ether rose 7.7% to $1,700.

Three main events unfolded over the weekend that contributed to a brighter mood in markets.

Authorities announced a new phase of trade negotiations between major economic powers, with statements noting progress and readjustments in macroeconomic policies, seen as constructive and beneficial to both parties.

An immediate ceasefire was announced in an armed conflict in two Asian countries, a measure that is expected to bring some relief to civilians despite reports of minor violations.

Finally, leaders of an Eastern European power said they are open to resuming peace negotiations with their neighboring country, suggesting meetings soon and without preconditions. The initiative follows pressure from Western powers, who are demanding tangible steps to reduce the crisis and threatening new sanctions if there is no cooperation.

These developments have contributed to a better appetite for riskier assets, benefitting cryptocurrencies.

The strong performance of Ether over Bitcoin also indicates a growing interest in smart contract platforms and decentralized finance.

PI Coin Surges 35%, Approaches $1 Amid Binance Listing Rumors

PI Coin has shown a strong upward movement in the last few hours, with an appreciation of over 34%, now trading close to US$ 0,98. Until recently, the cryptocurrency was operating around US$ 0,73, consolidating for several weeks in a sideways zone.

On the PI/USDT pair chart, the digital currency is testing an important technical resistance precisely in the range of US$ 0,73 — a level that had consolidated as a barrier in recent sessions. Overcoming this point suggests an attempt to reverse the trend, with the possibility of a more significant breakout if buying pressure persists.

Despite the strong appreciation, there is still no official justification for the movement. However, rumors are circulating that large investors — or “whales” — are accumulating the asset in anticipation of a possible listing of PI Coin on Binance. Speculation indicates that an important announcement could take place on the 14th, which has increased market enthusiasm.

The expectation of listing on one of the largest exchanges in the world usually attracts public attention and generates significant price increases, driven by the potential liquidity and greater exposure of the cryptocurrency.