In a big development for global markets, China has announced it will lower tariffs on U.S. goods from 125% to 10%, while the U.S. will cut its tariffs on Chinese products from 145% to 30%. These reduced tariffs will remain in effect for the next 90 days, giving both nations a window for further trade negotiations.
While global equities and commodities welcomed the move, the crypto market showed only a mild reaction. Bitcoin, however, continued to hold above the crucial $104,000 level and is inching closer to the $105,000 mark. Analysts said that Bitcoin had already begun rallying ahead of this announcement, and this news could serve as fuel for the next upward leg.
According to an analyst, Bitcoin is currently around day 915 of its typical 1,100-day bull market cycle. Historically, the biggest gains tend to occur between days 1,000 and 1,100, meaning we could be on the brink of a parabolic move if past patterns hold true.
Bitcoin’s weekly MACD has flipped green — a historically bullish signal. The last time this happened was in Q4 2024, shortly before Bitcoin surged higher. Additionally, the weekly RSI remains far from overbought levels, hinting there’s still room for the rally to extend.
Another key development is the ongoing decline in Bitcoin dominance — a sign that traders are rotating capital into altcoins. Memecoins, in particular, are making a comeback. In the last 24 hours alone, some tokens have jumped 10–30%, reminiscent of the explosive memecoin-led rallies of late 2023. The question now is whether these tokens will continue leading the way in this market cycle.
Adding to the bullish setup, the U.S. will release its CPI inflation data tomorrow, a key event that could sway both equity and crypto markets. Meanwhile, U.S. Vice President JD Vance is scheduled to speak at a major Bitcoin conference.
Reduced trade tensions boost investor sentiment, fueling Bitcoin’s rally above $104K and setting the stage for further gains.
Falling BTC dominance and renewed trader interest rotate capital into altcoins, driving 10–30% memecoin gains.
A drop in BTC dominance signals funds shifting to altcoins, often heralding the start of an altcoin season.
The upcoming US CPI inflation data could influence market sentiment, potentially affecting Bitcoin and altcoin prices by driving further gains.
The Bitcoin tide continues to turn corporate heads, this time in Norway. As BTC hovers…
The world’s largest cryptocurrency, Bitcoin, has jumped back to $106k today after dipping to some…
Ripple Labs is allegedly considering buying Circle for billions of dollars. But how will Ripple…
Memecoins are making a buzz in the crypto market today, with bullish momentum sweeping across…
We've all seen the devastating pattern—meme coins surge overnight, luring in enthusiastic investors, only to…
It's been almost two weeks since Bitcoin hit an all-time high price. Meanwhile, the crypto…
