$BTC
Bitcoin Holds Above $102,000 as Crypto Markets Pull Back After Rally.
XRP bucks the trend with a 7% gain as investors digest Trump’s tariff pause.
Analysts say the pullback points to broader macro uncertainty, though sentiment is greatly improved following the Trump administration’s 90-day pause on tariffs for Chinese imports, announced over the weekend.
“The US/China trade tariff hiatus signals a shift toward improved macro sentiment that will float all boats – especially crypto,” said Charles Wayn, co-founder of web3 growth platform Galxe.
Wayn noted that with BTC approaching $105,000, investors are already speculating that this could push Bitcoin to a new all-time high.
“Over the weekend, we also saw a huge rally in the altcoin sector, with ETH surging more than 30% in a much-needed recovery,” he explained. “This momentum, in tandem with Bitcoin’s rally, is a strong signal for the altcoin market and could spark a broader resurgence across web3.”