Cryptocurrency Market Posts 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, building on weekend gains as positive geopolitical developments sparked optimism among investors and boosted risk appetite.

Bitcoin rose 1.5% in the past 24 hours to $104,980 by 07:28 ET (11:28 GMT), while Ether advanced 7.7%.

Three main events unfolded over the weekend that moved markets.

Authorities announced a new phase of trade negotiations between major economic powers, with statements noting advances and restructurings that were deemed constructive and beneficial for both parties.

An immediate ceasefire was also announced in an armed conflict between two Asian countries, a measure that was met with relief despite some reports of violations.

Finally, leaders of an Eastern European power said they were open to resuming peace negotiations with their neighboring country, suggesting meetings could take place soon and without any preconditions. The initiative came after pressure from Western countries, who had urged the Eastern European nation to take concrete steps to reduce tensions and threatened new sanctions if there was no cooperation.

These developments in the geopolitical sphere helped to increase investors’appetite for riskier assets, benefiting the cryptocurrency market.

Ether’s outperformance over Bitcoin also suggested a growing interest in smart contract platforms and decentralized finance.

PI Coin Soars 35%, Nears $1 Amid 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.