Bitcoin prices expanded to major altcoins over the weekend, with Ethereum and Dogcoin making double-digit profits. Have you got it? The Altcoin season has been confirmed.
The Surge follows President Trump’s announcement of a “total reset” in US-China trade relations after high-level talks in Geneva.
China bent its knees. They buy 1 trillion kilos of base beans the following year.
How US-China trade speaks has caused a rise in Bitcoin prices
The high-level trade debate between the US and China has taken an important step in eliminating the rising economic tensions. “Today’s very good meeting with China in Switzerland. A lot was discussed and we were very agreed. It was negotiated in a total but constructive way,” Trump said.
This comment has fueled optimism in global markets, including cryptocurrency.
Alongside Bitcoin, Altcoins were repeated violently. Ethereum recorded a 10% price increase to $2,600, while Dogecoin surged by more than 21% to nearly $0.25.
After months of second-hand unrest over Gridlock and US-China relations, signs of progress reset investors’ expectations. Results: A sudden return to risk-on sentiment across global assets.
Bitcoin responded as normal when the fear index fell. The bullish leap is $104,000. Even the pessimistic FOMC wasn’t enough to beat the price.
A broader impact on the crypto market
Bitcoin is not the only one that catches tailwinds. Ethereum is surprisingly back in the spotlight after many people wrote it down thanks to its in-laws ecosystem and smart contract utility TobeLief, but Dogecoin is still ridiculous and gives momentum to its loyal support and cultural cuthet.
Crypto’s days, isolated from the outside world, are over. When Trump speaks trade, the coin jumps – Memmy or not.
Its reflexivity is a sign of maturity. Hedge funds, asset managers, and even pension funds have seen these updates and pumped crypto bags as well.
What’s ahead for Bitcoin Prices and Altcoins
Bitcoin is once again over the $104K line, but momentum is a whim. Once confidence is slipped, the correction comes quickly, and the altcoins will feel it too.
Behind optimism, the clarity of regulation and the Bitcoin Arms race is still looming
Exploration: XRP Price Jumps 11% after SEC Crypto Unit XRP ETF Progress
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Key takeout
Bitcoin prices expanded to major altcoins over the weekend, with ETH gaining double digit profits. The Altcoin season has been confirmed.
On Saturday, a high-level trade debate between the US and China took place in Switzerland, chanting an important step towards eliminating rising economic tensions.
For now, the debate about the location of cryptocurrency in the future of American finance is only beginning.
China bends its knees on Trump: Bitcoin prices break $104,000 as geopolitical shift first appeared in 99 Bitcoin.
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