News View Non-AMP

Bitcoin and Altcoins Breakout Alert: Trade War Eases as China, US Cut Tariffs

Published by
Anjali Belgaumkar

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.

Bitcoin Dominance Drops, Altcoins Stir

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.

FAQs

How do US-China tariff cuts impact Bitcoin?

Reduced trade tensions boost investor sentiment, fueling Bitcoin’s rally above $104K and setting the stage for further gains.

Why are altcoins and memecoins surging now?

Falling BTC dominance and renewed trader interest rotate capital into altcoins, driving 10–30% memecoin gains.

How does declining Bitcoin dominance affect the market?

A drop in BTC dominance signals funds shifting to altcoins, often heralding the start of an altcoin season.

What role will upcoming US CPI data play in Bitcoin’s price?

The upcoming US CPI inflation data could influence market sentiment, potentially affecting Bitcoin and altcoin prices by driving further gains.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Is Altseason Coming? CryptoQuant Analyst Spots Key Accumulation Signal

CryptoQuant analyst Axel Adler Jr. has spotted a potential early sign of a new altcoin…

June 27, 2025

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…

June 27, 2025

Polkadot Price Prediction 2025, 2026 – 2030: Will DOT Price Cross $10?

Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…

June 27, 2025

Toncoin Price Prediction 2025, 2026 – 2030: Will TON Price Reach $10?

Story Highlights The live price of the TON token is Toncoin price could hit a…

June 27, 2025

Pi Network Mainnet, KYC Fixes, and More — What to Expect on Pi2Day

With Pi2Day just around the corner, the Pi Network community is buzzing with hopes and…

June 27, 2025

WazirX Hearing Rescheduled to July 15: Singapore Court Sparks New Hope

The Singapore High Court has rescheduled WazirX’s next hearing in case HC/SUM 940/2025 to July…

June 27, 2025