XRP News Today: Crypto Market Surges 92.59% as US-China Trade Talks Boost Bitcoin to $104,961

Bitcoin and altcoins are experiencing a rally following positive developments in US-China trade negotiations. The progress in these talks has brought renewed optimism to the crypto market, which had been unsettled by the initial tariff announcements in April. The meeting between U.S. and Chinese officials in Switzerland aimed to de-escalate the tariff war, which had seen both countries impose tariffs of over 100% on imports from each other. President Trump's relief statement later brought renewed optimism to the market.

The biggest boost to the crypto market came last week after news broke that the U.S. and China would hold negotiations over the weekend. The talks have since taken place, and early updates have been largely positive. President Trump praised the trade discussions as a “total reset,” conducted in a friendly and constructive manner. He claimed “great progress” had been made, though he did not provide specific details. The high-stakes meeting involved top U.S. and Chinese officials aiming to ease a trade war that has disrupted global markets. While both sides kept most details confidential, they agreed to continue negotiations.

Bitcoin, Ethereum, and XRP have all seen significant gains following the positive developments in the trade talks. Bitcoin broke the $100K price point, surging to $104,961 before settling slightly lower. Ethereum reclaimed the $2,600 level after falling to $1,350 in April during the height of trade tensions, marking a 92.59% rebound. XRP also posted notable gains, reaching close to $2.50 on Saturday, after previously dipping to $1.61 in April, marking a strong 55% recovery from its recent low.

Another factor contributing to the bullish sentiment in the crypto market is the recent endorsement of Bitcoin by Conor McGregor, a five-time world champion. In a tweet on Friday, he stated that crypto was originally founded to give power back to the people, and that establishing an Irish Bitcoin strategic reserve would empower the nation’s financial sovereignty. McGregor’s statement aligns with the global trend of countries exploring national Bitcoin reserves, with the U.S. leading the conversation. His endorsement has further fueled the bullish sentiment in the market, with analysts projecting further explosive growth in the coming weeks.