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Opinion: Alts are breaking free from the negative trend, and investors are changing their view on Crypto Assets.
PANews, May 10 news, according to CoinDesk, after the successful upgrade implementation of Ethereum Pectra, the weekly rise of ETH has exceeded 30%, while other alts SOL, ADA, XRP, and BNB have also gained a rise of 2-6%. Nick Ruck, head of LVRG Research, stated that traders believe the cryptocurrency industry may have finally found a second chance to hedge against market uncertainty. Investors are changing their views on cryptocurrencies as alts have broken free from negative trends and a new wave of risk appetite has brought buying pressure. However, traders are still closely watching the US-China trade negotiations this weekend, which are set to begin later on Saturday in Switzerland. Any signs of deadlock or rising tensions could undermine the current rise.