Cryptocurrency markets are charging into the week with renewed bullish momentum, fueled by surging institutional interest, growing ETF-driven demandâparticularly around Bitcoinâand a wave of favorable trading clarity is driving renewed investor confidence.
Bitcoin (BTC) climbed to a peak of $104,900 on Saturday eveningâjust about 4% below its all-time highâfollowing President Donald Trumpâs announcement of progress in U.S.-China trade talks during a meeting in Switzerland.
âA very good meeting today with China, in Switzerland,â Trump posted on Truth Social, his social media platform. âMany things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner.â
Bitcoin rallied on the heels of the news.
By early Sunday morning, the top cryptocurrency by volume hovered around $103,985.
And yet, altcoins managed to grab the spotlight as well. At last check, Ethereum marked one of its strongest daily performances in recent weeks, while meme coins roared back to life. See below.
CRYPTOCURRENCY | PRICEÂ Â | 24-HOUR GAINS +/- |
Bitcoin | $103,985 | +0.7% |
Ethereum(ETH) | $2,536.25 | +8.7% |
Solana(SOL) | $176.76 | +3.7% |
XRP(XRP) | $2.41 | +2.1% |
Dogecoin(DOGE) | $0.24 | +14.9% |
Shiba Inu(SHIB) | $0.00001641 | +8.8% |
CRYPTOCURRENCY | PRICEÂ Â Â | GAINS +/- |
HashAI | $0.0006523 | +68.4% |
Ether.fi | $1.25 | +63.9% |
Quai Network | $0.1259 | +55.5% |
This altcoin rally coincides with a decrease in Bitcoinâs market dominance to 63.89%, per TradingView.
Analysts interpret this as a sign of capital rotation into altcoins, suggesting the onset of an âaltcoin season.â The ETH/BTC ratio has rebounded from its lowest levels since 2020, further supporting this trend.
Meanwhile, top U.S. and Chinese economic officials are expected to meet in Geneva for a second round of high-stakes trade talks to ease tensions from Trumpâs escalating trade war.
The conflict has already led to steep tariffsâ145% on Chinese goods and 125% on U.S. exportsâdisrupting global supply chains and prompting companies to seek alternatives.
According to the New York Times, economists warn the ongoing dispute could slow global growth, raise inflation, and push the U.S. toward a recession.