Analysts: As counterfeit products escape negative trends, investors are changing their views on cryptocurrencies
2025-05-10 11:29:43
ETH gained more than 30% in the week after the implementation of the Pectra upgrade, and other counterfeit products SOL, ADA, XRP and BNB all gained 2-6%. Nick Ruck, director of LVRG Research, said that traders believe that the cryptocurrency industry may have finally found a second opportunity to hedge against market uncertainty. Investors are changing their minds on cryptocurrencies as counterfeit products have shrugged off negative trends and found that a new round of risk appetite has brought buying pressure. However, traders are still closely watching this weekend's U.S.-China trade talks, which will begin later on Saturday in Switzerland. Any signs of stalemate or renewed tensions could weaken the current rally.
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