The Bitcoin price rally extended to major altcoins over the weekend, with Ethereum and Dogecoin reporting double-digit gains. Did you catch that? Altcoin season confirmed.
This surge followed President Trump’s announcement of a “total reset” in U.S.-China trade relations after high-level discussions in Geneva.
China has agreed to purchase 1 trillion kilos of basedbeans next year.
How U.S.-China Trade Talks Sparked Bitcoin Price Rally
High-level trade discussions between the U.S. and China marked a significant step in de-escalating economic tensions. President Trump remarked positively on the talks, stating, “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner.”
(Translation: A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner.)
The comments fueled optimism in global markets, including cryptocurrency.
Alongside Bitcoin, altcoins rallied strongly. Ethereum registered a 10% price surge to $2,600, while Dogecoin jumped over 21% to near $0.25.
Trump
(Source: X)
After months of gridlock and secondhand anxiety over U.S.-China relations, signs of progress have reset investor expectations. The result was a sharp return to risk-on sentiment across global assets.
Bitcoin responded in its typical manner when the fear index drops, with a bullish leap to $104,000. Even a pessimistic FOMC wasn’t enough to diminish the price.
Broader Implications for the Crypto Market
Bitcoin isn’t the sole beneficiary of this momentum. Ethereum is surprisingly back in the spotlight after some dismissed it due to the strength of its DeFi ecosystem and smart contract utility, while Dogecoin — still quirky and adored — is riding the ongoing momentum with its loyal fan base and cultural relevance.
Crypto’s days of isolation from external influences are over. When Trump discusses trade, coins react, whether they are memes or not.
Such reflexivity signifies maturity. Hedge funds, asset managers, and even pension funds are keeping an eye on these developments to enhance their crypto portfolios as well.
What Lies Ahead for Bitcoin Price and Altcoins
Bitcoin has crossed the $104K threshold again, but momentum is unreliable. If confidence fades, corrections arrive swiftly — and altcoins will also feel the impact.
Beneath the optimism, regulatory clarity and the Bitcoin arms race still loom.
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Key Takeaways
- The Bitcoin price rally extended to major altcoins over the weekend, confirming altcoin season.
- On Saturday, significant trade talks between the U.S. and China took place in Switzerland, marking a pivotal moment in easing economic tensions.
- Currently, discussions about cryptocurrency’s role in America’s financial future are just beginning.
