Altcoins, Bitcoin rally on heels of US-China trade update
The cryptocurrency markets invoice in the week with a renewed bullish momentum, fueled by the rise in power of institutional interests, the growing demand for FNB demand on FNB – in particular around Bitcoin – and a wave of favorable negotiation clarity stimulates the renewed confidence of investors.
Bitcoin (BTC) climbed to a summit of $ 104,900 on Saturday evening – just about 4% below its top of all time – which followed the announcement of President Donald Trump in the US -Chinese trade negotiations during a meeting in Switzerland.
“A very good meeting today with China, Switzerland”, Trump poster On Truth Social, its social media platform. “Many things discussed, many have been accepted. A total reset negotiated in a friendly, but constructive way. “
Bitcoin joined the news.
Early Sunday morning, the best cryptocurrency in volume oscillated around $ 103,985.
And yet Altcoins has also managed to take the spotlight. At the last verification, Ethereum has marked one of its strongest daily performance in recent weeks, while even corners has resumed life. See below.
| CryptocurrencyY | PRICE | 24 hours Gains +/- |
| Bitcoin | $ 103,985 | + 0.7% |
| Ethereum (Ethn)) | $ 2,536.25 | + 8.7% |
| Solara (GROUND)) | $ 176.76 | + 3.7% |
| Xrp (Xrp)) | $ 2.41 | + 2.1% |
| Mastiff (DOGE)) | $ 0.24 | + 14.9% |
| Shiba Inu (Salogner)) | $ 0.00001641 | + 8.8% |
Highlights of the weekend
Top winners
| Cryptocurrency | PRICE | Gains +/- |
| Hashai | $ 0,000,6523 | + 68.4% |
| Ether.Fi | $ 1.25 | + 63.9% |
| Quai network | $ 0.1259 | + 55.5% |
Upon reading
This Altcoin rally coincides with a decrease in the domination of the Bitcoin market at 63.89%, by TradingView.
Analysts interpret This as a sign of capital rotation in altcoins, suggesting the start of an “Altcoin season”. The ETH / BTC ratio has rebounded its lowest levels since 2020, supporting this trend more.
Meanwhile, senior American and Chinese economic officials are expected to meet in Geneva for a second series of high stakes in high issues to facilitate the tensions of climbing Trump’s trade war.
The conflict has already led to high prices – 145% on Chinese goods and 125% on US exports – arousing global supply chains and encouraging companies to seek alternatives.
According to has The New York Times, economists warn that the current dispute could slow global growth, increase inflation and push the United States to a recession.
Post Comment