Bitcoin Price Surge and XRP Rally Above 200-Day Average Ahead of Fed Rate Cut | Magnificent 7 Earnings & Trump-Xi Summit Analysis

Bitcoin (BTC) is experiencing significant buying pressure while XRP has successfully reclaimed its 200-day moving average as markets anticipate potential Federal Reserve interest rate cuts. Traders are closely monitoring upcoming earnings reports from the "Magnificent 7" tech giants and the anticipated summit between former President Trump and China's Xi Jinping. The cryptocurrency market shows bullish momentum with Bitcoin maintaining strong support levels and XRP demonstrating technical strength by breaking above key resistance. Market analysts suggest these developments could signal renewed institutional interest in digital assets amid evolving macroeconomic conditions and geopolitical developments.