Analysts: Investors are changing their views on cryptocurrencies as altcoins get rid of negative trends
ETH rose more than 30% in the week following the implementation of the Pectra upgrade, while other altcoins SOL, ADA, XRP and BNB all gained 2-6%. Nick Ruck, head of LVRG Research, said that traders believe that the cryptocurrency industry may finally have found a second opportunity to hedge against market uncertainty. Investors are changing their views on cryptocurrencies as altcoins have shaken off negative trends and found that a new round of risk appetite has brought buying pressure. Traders, however, are still keeping a close eye on this weekend's US-China trade talks, which begin late Saturday in Switzerland, and any sign of gridlock or renewed tensions could dent the current rally.
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