Bitcoin (BTC) breaks $107,000, nearing all-time high, setting stage for altcoins.
ETH, DOGE, SOL show strong gains; BTC profit-taking may fuel altcoin season.
Altcoin market cap (TOTAL2) chart, RSI, MACD signal imminent breakout for altcoins.
Bitcoin (BTC) stormed past the $107,000 mark recently, hitting a daily high of $107,201.78 and now sitting over 2% away from a new all-time high. This significant move for Bitcoin turns the spotlight onto altcoins and their potential in the current market.
Currently, BTC trades confidently above its 20-day and 50-day exponential moving averages (EMAs), which are at $102K and $96.2K, respectively.
Bitcoin Leads the Charge; Altcoins Start to Stir
Bitcoin’s rebound from its April lows below $75,000 is one of its strongest recoveries yet. That earlier dip stemmed from a brief bout of macroeconomic uncertainty, reportedly triggered by President Donald Trump’s aggressive trade war rhetoric.
With President Trump now appearing to walk back those policies and signaling cooperation with US trade partners, Bitcoin has regained investor confidence. As geopolitical tensions ease, capital is flowing back into risk-on asse…
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