Due to the decline of counterfeit currencies, investors' views on cryptocurrencies are rapidly changing

BlockBeats News: On Wednesday, May 10th, New Hampshire passed a bill allowing the state to create a strategic Bitcoin reserve. A day later, Arizona also passed legislation supporting cryptocurrency reserves. As the November elections approach, the momentum at the state level reflects further attention from political leaders towards digital asset policies. Recently, President Trump's optimistic remarks about the upcoming US China trade negotiations have also eased market anxiety. These remarks echo the new trade agreement signed between the United States and the United Kingdom, which will eliminate reciprocal tariffs and lower tariffs on American goods, further boosting confidence in the stock and cryptocurrency markets. Analysts say that the recent trend marks a decisive break from the sluggish price behavior that plagued altcoins in March and April. Traders believe that the cryptocurrency industry may finally have found a second spring as a hedge against market uncertainty, "said Nick Ruck, director of LVRG Research, in a Telegram chat. Investors are changing their views on cryptocurrencies as altcoins have overcome negative trends and are gaining buying pressure due to the resurgence of risk appetite sentiment, "Ruck added. The 30% increase in Ethereum this week is also attributed to increased institutional interest and the momentum of Pectra upgrade, which introduces long-awaited executive layer reforms aimed at improving efficiency and scalability. This upgrade provides Ethereum with much-needed reforms to consolidate its position as a leading chain in increasingly fierce competition, "said Mei from BTSE. Given that Ethereum prices are far below their historical highs, we may see significant upward potential in the coming weeks and months, especially as macro concerns ease and institutions become more willing to allocate to cryptocurrencies and crypto ETFs. '' Nevertheless, traders are still closely monitoring this weekend's US China trade negotiations. The negotiations will begin in Switzerland later on Saturday, and any signs of deadlock or increased tension could weaken the current uptrend.