The real reason for Bitcoin's rise to $104.9k and altcoins skyrocketing.
New data shows that Bitcoin jumped to $104,900 on Saturday evening, with Ethereum rising by 10% and Dogecoin by more than 20%, but what’s the secret?
U.S. President Donald Trump announced via his platform 'Truth Social' a breakthrough in trade negotiations with China, pointing to an agreement on a 'full reset' of relations between the two economic giants.
Trump said: "Excellent meeting with China in Switzerland. Significant progress."
Which has sparked widespread optimism in financial markets.
Why have cryptocurrencies skyrocketed like this?
- Bitcoin as a 'measure of global liquidity': As geopolitical tensions decrease, investor confidence in high-risk assets like crypto increases.
- Ethereum and Dogecoin ride the wave: With improved market sentiment, money is quickly flowing into high-potential altcoins.
- Trump's signal = a signal for investors: The market interprets any progress in U.S.-China relations as a golden opportunity for quick gains.
#Trader_Tip:
- Bitcoin could target $120,000 if positive indicators continue, especially with increased demand for inflation hedging.
- Rising altcoins (like Dogecoin) may see a quick correction – be careful and don’t follow random speculation.
- Timing is everything: Smart investors buy before news becomes widespread and sell at the peak of optimism.
Participate in the survey:
Do you think Bitcoin will reach $150,000 before the end of 2025?
