Chart of the week: Altcoins awaken as TRUMP, SUI lead charge with over 70% gains
The crypto market sentiment improved this week, with several large cryptocurrencies recording double-digit gains. Bitcoin’s rally past the $95,000 resistance is the highlight, with altcoins like Official Trump and Sui outperforming most others.
Bitcoin’s decoupling from stock, the comeback of the digital Gold narrative, and Trump’s softening stance on tariffs supported this week’s gains.
Bitcoin, altcoin weekly performance
Bitcoin (BTC) is currently hovering under $95,000, a key level for the most prominent cryptocurrency. At last check Saturday, BTC was down 0.45%, trading at around $94,358.49.
Observers noted that it recovered from its most recent flash crash, where the asset slipped to its lowest level in nearly five months.
With Bitcoin back above key support zones, traders eye the $100,000 milestone and a re-test of the all-time high in the coming weeks. Demand for crypto remains strong, and sentiment is turning positive. For the first time in several weeks, traders are “greedy”, as seen on the Fear & Greed Index at Alternative.
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