The post-altcoin season is here: XRP, ADA, SUI, the ETH rally first appeared on Coinpedia Fintech News
Bitcoin races toward $100,000 as the crypto market heats up, thanks to signals from the Federal Reserve and Trump hinting at a trade deal. Altcoins are also making significant moves, with some jumping more than 10%.
In a recent post, President Trump teased an announcement about the "big" trade deal with a "highly respected country" at 10 AM under tension.
Bitcoin has shown resilience in this volatile market. Analysts say this is a clear sign that investors see it as a safe bet in uncertain times. Many also expect the start of the Altcoin season, with many coins setting strong gains.
Top gainers today-
XRP rose 3% in the past 24 hours, while Ethereum (ETH) is trading at $1943, up 5% after the recent Pectra upgrade. Solana (SOL) and Dogecoin (DOGE) are up more than 4% and 5%, respectively, while Cardano (ADA) also saw a 4.8% increase.
SUI leads the pack with a 9% jump, Hedera (HBAR) rises 5%. The PI Network is also up more than 7% today. Memecoin Pepe gains 13%, while Ondo and Aave increase by 6% and 7%. ChainLink and Avalanche are also in the green, each around 6%.
The top crypto gainers today are EOS, up 17% at $0.84, Bitcoin Cash rising 13% to $416.82, while Immutable rises 10.86% to $0.58.
The CMC Altcoin Index is currently at 30 years. While AltCoins are performing well, there is still room for growth. Bitcoin leads the market share with 64% dominance. The crypto fear and greed index is at 53, indicating a neutral market.
The Altcoin season is breaking out now! pic.twitter.com/cckjds9anl- Crypto Rover (Rovercrc) May 8, 2025
Crypto Rover shared a chart showing that Altcoins are gaining momentum, with increased Altcoin activity in May 2025. He stated that the Altcoin season is here, and as they begin to rise, significant gains could be ahead. According to analyst Michaël van de poppe, the Altcoin market looks great, and it could rally to $925 billion.