Bitcoin Challenges the $105,000 Level Amid Positive Macro Headlines This Weekend

The bullish trend of cryptocurrencies continues over the weekend thanks to a trio of positive macro developments. Perhaps the main reason behind this move is President Trump's post on Truth Social regarding the trade negotiations taking place in Switzerland between the United States and China. "A very good meeting today," Trump said. "Many things were discussed, many things were agreed upon," he continued. "A complete reset was negotiated in a friendly yet constructive manner. We want to see, for the benefit of both China and the United States, an opening of China to U.S. businesses. THERE HAS BEEN GREAT PROGRESS!!!" Earlier on Saturday, Trump also declared a "complete and immediate" ceasefire in the ongoing conflict between India and Pakistan. Completing the trio of good news, Russian President Putin stated he is "in the mood for serious negotiations with Ukraine" and proposed talks "without preconditions" in Turkey next week. Bitcoin (BTC) is just a few dollars short of reaching 105,000 dollars before dropping to the current level of 104,500 dollars, up 1.5% in the past 24 hours. Ether (ETH) continues its recent bullish trend, increasing by 7.7% in the same time frame.