Bitcoin Leads Crypto Market Surge Following U.S. Tariff Cuts and Trade Deal with China
The market data reveals that Bitcoin ($BTC) jumped to $105,000 after the huge tariff cuts by the U.S. for 3 months. Simultaneously, the latest U.S.-China trade deal has also triggered a bullish sentiment across the market. In this respect, speculations are rising about Bitcoin’s potential increase above the existing all-time high price level of up to $109,350.
Altcoins Reflect Same Enthusiasm Amid Rising Investor Confidence
Simultaneously, the altcoins are also showing noteworthy gains amid this wider upsurge. Specifically, the flagship altcoin Ethereum ($ETH), the key memecoin Dogecoin ($DOGE), and Cardano ($ADA) are dominating the market. The exclusive price statistics disclose that Ethereum has climbed to $2,500 after a 39% weekly price rise. Just like that, Dogecoin and Cardano have surged by 56% and 19% respectively.
$BTC Eyes $110K as Next Price Target?
Keeping this in view, the broader crypto market is expressing a march toward a highly volatile phase as Bitcoin is approaching its ATHs. The growing investor optimism is also paving the way for notable capital inclusion. In the meantime, the market onlookers anticipate $110,000 to be the next price target for the top cryptocurrency.
