The cryptocurrency market has returned to action today, with a sharp rally across major coins such as Bitcoin, Ethereum, and Solana. At the time of writing this report, the total market capitalization of crypto surged to $3.43 trillion, indicating a healthy rise of 4.22% over the past 24 hours. Investor sentiment has also turned positive. The Fear & Greed Index now reads 64, firmly in the 'greed' zone - a clear sign that traders feel confident in the market direction. So, what is fueling this rally? Let's break it down. Bitcoin leads the charge. The star of the show is Bitcoin, which has finally broken out of a consolidation range it has been stuck in since May 23. Currently trading above $109,500, Bitcoin's breakout is being closely watched by analysts. This move was expected due to the formation of bullish weekly candles called a 3D pattern around the $100,000 mark. Historically, this type of setup often leads to an 8-10% pump within a week or two. If the momentum continues, some analysts believe Bitcoin may soon touch $115,000 - or higher. Global factors are also in play. Aside from technical signals, positive news on the macro front is also aiding the rally. Reports indicate that trade talks between the U.S. and China have resumed, easing global market tensions. This, along with increasing institutional interest, has bolstered investor confidence. Altcoins follow suit. After Bitcoin's advance, altcoins are also climbing. Ethereum has risen over 8% this week, now trading at $2,699, while Solana and DogeCoin have increased by 5% and 6.6% respectively. Interestingly, SUI (SUI) and Hyperleliquid (HYPE) have recorded impressive double-digit gains. However, the Altcoin Season Index is still at 30 out of 100, indicating that although altcoins are rallying, the overall Altcoin season has not yet arrived.