Bitcoin Reclaims $96,300 as Risk Appetite Grows

By: fxleaders|2025/05/08 03:30:02

The cryptocurrency market kicked off the week with strong gains, fueled by a renewed appetite for risk amid signs of easing trade tensions. Bitcoin ( BTC ) is up 3%, climbing above $96,300 on Binance , while Ethereum ( ETH ) has risen nearly 3.2%, consolidating above $1,800. The total crypto market capitalization has grown by around 2%, approaching the $3 trillion mark. Major altcoins are also riding the wave of optimism. Tokens such as XRP , Solana (SOL), Cardano ( ADA ), and Dogecoin ( DOGE ) are posting gains between 1.1% and 2.9%. Only a few exceptions, like Tron (TRX), are showing minor declines, with no significant selling pressure. One of the key drivers behind this rally is renewed optimism over international trade. The United States and China are set to resume bilateral talks in Switzerland this week. According to the U.S. government, Treasury Secretary Scott Bessent will meet with China’s top economic official He Lifeng, alongside trade negotiator Jamieson Greer, to discuss tariff-related issues. A spokesperson from China’s Ministry of Commerce confirmed Beijing’s willingness to engage, noting they’ve acknowledged Washington’s signals and are prepared for a constructive dialogue. In parallel, Bessent hinted at potential trade breakthroughs, telling Congress: “We could finalize trade agreements this week with some of our key partners.” Despite this optimism, the Federal Reserve remains cautious amid political pressure. Fed Chair Jerome Powell has reiterated the need for more time to assess the real impact of tariffs on the economy, emphasizing the importance of not jeopardizing growth or price stability.

The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.

Houthi Deadline Countdown Begins | Rewire News Morning Brief

Trump's 48-Hour Ultimatum was issued on Saturday and expires on Monday night

Middle East Conflict Escalation and Rate Hike Expectation Trigger Worst Gold Sell-Off in 43 Years

The key reasons for the sharp decline include heightened oil prices due to Middle East conflict, suppressed interest rate cut expectations, and intensified selling pressure triggered by tightening USD liquidity.

The Largest Oil Reserve Release in History: Why Is the Oil Price Still Above 100?

4 billion barrels per day production, only covering 17% of the gap

AI Agent Can't Kill SaaS

The true moat is the singularity of data

This viral Beijing high school teacher, Jiang Xueqin, predicted America's downfall in advance

Jiang Xueqin's latest viewpoint in an interview with Carlson: The era of global cheap energy is coming to an end.

Interview with Bill, Head of Bitget AI: In the AI Trading Era, How Far Are We from "Earning While Lying Down"?

Bitget launches a three-tier AI product: GetAgent (Chatbot Assistant), Agent Hub (Developer Tool), GetClaw (One-Click Product), covering users from geeks to newbies.

Privacy Infrastructure and the WEEX AI Trading Hackathon

A privacy-first Web3 ecosystem using masternodes, encrypted messaging, and confidential payments to protect traders and AI strategies on-chain.

Meme Culture, Community Energy, and the WEEX AI Trading Hackathon

A community-driven meme token built around one of the internet's most recognizable characters.

RGAI: Exploring AI Agent Trading and Advancing the WEEX AI Trading Hackathon

A Solana-based AI agent project connecting automated trading strategies with on-chain token dynamics in AI-driven Web3 markets.

ForeGate: Bringing Decentralized Forecasting to the WEEX AI Trading Hackathon

A decentralized prediction market platform enabling users and builders to gauge probabilities and make informed decisions around future events in AI-enhanced Web3 environments.

Apello: Automating Web3 Community Management and Partnering with the WEEX AI Trading Hackathon

A community toolkit enabling builders to streamline engagement and participation as Web3 ecosystems evolve with AI and decentralized innovation. As a community partner and sponsor of the WEEX AI Trading Hackathon, Apello reflects the growing fusion of community-driven participation and technical creativity in the Web3 space. The platform's commitment to empowering community interaction and meaningful engagement aligns with this shared vision of innovation.

RootData: Delivering Structured Web3 Intelligence and Sparking the WEEX AI Trading Hackathon

A Web3 data platform enabling investors and builders to uncover market insights and informed decision-making in AI-powered trading.

As a community partner and sponsor of the WEEX AI Trading Hackathonm RootData has a shared focus on transparency, data integrity, and insight-driven innovation across AI trading and market research.

Firecrew: Elevating Trader Skill and Amplifying the WEEX AI Trading Hackathon

A trading education and community platform helping individuals build disciplined strategies and risk control that pair with AI-driven innovation.

CrazyLiveDAO: Building an AI Trading Education DAO in Step with the WEEX AI Trading Hackathon

A Solana-based DAO and membership community combining AI agents, live trading education, and Web3 tools for global Chinese investors.