Crypto Markets Explode with Bullish Frenzy as Bitcoin Soars and Altcoins Steal the Show

Hang on to your hats, crypto fans! The markets are on fire this week, fueled by a tsunami of institutional cash, ETF mania—especially for Bitcoin—and a sweet wave of regulatory clarity that's got investors buzzing with excitement.

Bitcoin (BTC) rocketed to a mind-blowing $104,900 on Saturday night, coming within a hair's breadth—just 4%—of its all-time high. And what triggered this wild ride? None other than President Donald Trump dropping a bombshell about progress in U.S.-China trade talks during a swanky meeting in Switzerland.

"A very good meeting today with China, in Switzerland," Trump blasted out on Truth Social, his social media playground. "Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner."

Bitcoin didn't waste a second, skyrocketing on the back of this juicy news.

By the crack of dawn on Sunday, the king of crypto was chilling at around $103,985.

But wait, there's more! Altcoins weren't about to let Bitcoin hog all the glory. Ethereum strutted its stuff with one of its best daily performances in ages, while those wild meme coins made a roaring comeback. Check out the action below!

Weekend highlights

Top gainers

Further reading

This altcoin party is happening while Bitcoin's market dominance takes a hit, dropping to 63.89%, according to TradingView.

The pros are calling it a sign of cash flowing into altcoins, hinting at the start of a legendary "altcoin season." The ETH/BTC ratio is bouncing back from its lowest point since 2020, adding fuel to this fiery trend.

Meanwhile, the big shots from the U.S. and China are gearing up for another round of high-stakes trade talks in Geneva, trying to cool things down after Trump's escalating trade war.

This clash has already slapped hefty tariffs on goods—145% on Chinese stuff and 125% on U.S. exports—messing with global supply chains and pushing companies to scramble for alternatives.

The New York Times is sounding the alarm, with economists warning that this ongoing spat could slam the brakes on global growth, crank up inflation, and send the U.S. hurtling towards a recession.