Bitcoin Nears $100K Amid Pectra Upgrade and Trade News

Bitcoin is approaching the $100,000 milestone as global markets react positively to easing US-China trade tensions and a new US-UK trade deal, boosting bullish sentiment for BTC. Ethereum’s Pectra upgrade has gone live, introducing increased staking limits and lower transaction fees, though ETH’s price has not immediately surged and remains under mixed technical signals. Analysts note that Ethereum is considered undervalued due to strong fundamentals and DeFi dominance, with technical indicators pointing to possible upside if resistance levels are breached. On-chain data shows large investors are accumulating ETH and network activity is rising, suggesting growing long-term interest despite short-term volatility. Broader macroeconomic factors, such as anticipated Federal Reserve decisions, are influencing crypto price action and fueling debate over whether current levels represent a buying opportunity. Overall market sentiment is cautiously optimistic, with both Bitcoin and Ethereum positioned for significant moves if positive momentum continues.