Bitcoin ($BTC) continues to surge while moving toward new price highs as the altcoin landscape is gaining momentum. Market data reveals that Bitcoin ($BTC) has surpassed the $104K mark while altcoins like Ethereum ($ETH), Litecoin ($LTC), and Dogecoin ($DOGE) are also showing notable gains. This overall increasing growth in the crypto sector raises speculation of a major market rally to take place in near term.
Bitcoin and Altcoins Express Notable Price Action
This weekend has been marked with a significant Bitcoin ($BTC) and altcoin rally amid the resurge in the U.S.-China collaborative trade efforts. Such macroeconomic advancements are raising optimism in the crypto world. Additionally, amid the Bitcoin rally, the key altcoins leading the market take into account Ethereum ($ETH), Litecoin ($LTC), and Dogecoin ($DOGE). Their ongoing surge highlights the likely beginning of the altcoin season.
$BTC Targets $108K While $ETH, $LTC, and $DOGE Make Noteworthy Profits
Particularly, Bitcoin ($BTC) is now changing hands at $104.035.05. This shows a 0.85% price increase over past 24 hours. In addition to this, the 7-day price performance of Bitcoin indicates an 8.55% surge. Along with that, over the past month, Bitcoin has reportedly jumped by 29.15%.
Based on this sheer price upswing, Bitcoin eyes $106K and $108K as the next price targets. Apart from that, Ethereum ($ETH) is trading at $2,549.04, showing an 8.84% upsurge over twenty-four hours. Along with that, the current prices of Dogecoin ($DOGE) and Litecoin ($LTC) stand at $0.2406 and $104.08, denoting 15.03% and 1.15% increases.
Rising Prices Signify Potential Beginning of Altseason
Overall, amid Bitcoin’s continuous spike to latest hikes, the wider crypto sector also hints toward the commencement of the altseason. Specifically, the latest jumps in the prices of $ETH, $LTC, and $DOGE suggest the growing heat in the market. In the meantime, the traders are looking for the potential signs of the official start of the altcoin season to earn approaching gains.
