Bitcoin is racing towards $100,000 as the crypto market heats up, thanks to the Fed’s signals and Trump hinting at a trade deal. Altcoins are also making big moves, with some jumping over 10%.
In a recent post, President Trump teased a “big” trade deal announcement with a “highly respected country” at 10 a.m. ET press conference.
Bitcoin has shown resilience in this volatile market. Analysts say this is a clear sign that investors view it as a safe bet in uncertain times. Many are also predicting the start of an altcoin season, with several coins posting strong gains.
XRP is up 3% in the past 24 hours, while Ethereum (ETH) is trading at $1,943, up 5% after the recent Pectra upgrade. Solana (SOL) and Dogecoin (DOGE) are both up over 4% and 5%, respectively, while Cardano (ADA) also saw a 4.8% boost.
SUI is leading the pack with a 9% jump, and Hedera (HBAR) is up 5%. The Pi Network is also up over 7% today. Memecoin Pepe is flexing a 13% gain, while ONDO and AAVE are both up 6% and 7%. Chainlink and Avalanche are also in the green, each up around 6%.
The top crypto gainers today are EOS, up 17% at $0.84, Bitcoin Cash rising 13% to $416.82, while Immutable is up 10.86% at $0.58.
The CMC Altcoin Index is currently at 30. While altcoins are performing well, there is still room for growth. Bitcoin leads the market share with 64% dominance. The Crypto Fear and Greed Index is at 53, showing a neutral market.
Analyst Crypto Rover shared a chart showing that altcoins are gaining momentum, with a rise in altcoin activity in May 2025. He shared that altcoins are experiencing a surge in price, and big gains could be ahead. According to analyst Michaël van de Poppe, the altcoin market looks great, and it could rally to $925 billion.
Trump teased a “big” trade deal with a respected country, sparking market optimism and a surge in crypto prices.
EOS, Bitcoin Cash, and Immutable are among the top gainers, with increases of 17%, 13%, and nearly 11%, respectively.
Announcements of potential trade deals, like the U.S.-U.K. agreement, are boosting investor confidence and driving crypto prices higher.
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