Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Top 3 catalysts for Bitcoin, altcoin prices this week

    May 11, 2025

    Shiba Inu pattern points to 190% surge asv burn rate rises

    May 11, 2025

    Which memecoin will be the next 100x this bull run, Pepe or Pepeto?

    May 11, 2025
    Facebook X (Twitter) Instagram
    Sunday, May 11
    • About
    • Contact us
    • Privacy Policy
    Facebook X (Twitter) LinkedIn YouTube
    Blockchain Echo
    Banner
    • Lithosphere News Releases
    • Bitcoin
    • Crypto
    • Ethereum
    • Litecoin
    • Altcoins
    • Blockchain
    Blockchain Echo
    Home » Altcoins, Bitcoin rally on heels of US-China trade update
    Crypto

    Altcoins, Bitcoin rally on heels of US-China trade update

    John SmithBy John SmithMay 11, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Cryptocurrency markets are charging into the week with renewed bullish momentum, fueled by surging institutional interest, growing ETF-driven demand—particularly around Bitcoin—and a wave of favorable trading clarity is driving renewed investor confidence.

    Bitcoin (BTC) climbed to a peak of $104,900 on Saturday evening—just about 4% below its all-time high—following President Donald Trump’s announcement of progress in U.S.-China trade talks during a meeting in Switzerland.

    “A very good meeting today with China, in Switzerland,” Trump posted on Truth Social, his social media platform. “Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner.”

    Bitcoin rallied on the heels of the news.

    Today in crypto: Bitcoin, altcoins shine in broad market rally following China-US trade update - 1
    Source: CoinGecko

    By early Sunday morning, the top cryptocurrency by volume hovered around $103,985.

    And yet, altcoins managed to grab the spotlight as well. At last check, Ethereum marked one of its strongest daily performances in recent weeks, while meme coins roared back to life. See below.

    CRYPTOCURRENCY PRICE   24-HOUR GAINS +/-
    Bitcoin $103,985 +0.7%
    Ethereum (ETH) $2,536.25 +8.7%
    Solana (SOL) $176.76 +3.7%
    XRP (XRP) $2.41 +2.1%
    Dogecoin (DOGE) $0.24 +14.9%
    Shiba Inu (SHIB) $0.00001641 +8.8%

    Weekend highlights

    Top gainers

    CRYPTOCURRENCY PRICE    GAINS +/-
    HashAI $0.0006523 +68.4%
    Ether.fi $1.25 +63.9%
    Quai Network $0.1259 +55.5%

    Further reading

    This altcoin rally coincides with a decrease in Bitcoin’s market dominance to 63.89%, per TradingView.

    Analysts interpret this as a sign of capital rotation into altcoins, suggesting the onset of an “altcoin season.” The ETH/BTC ratio has rebounded from its lowest levels since 2020, further supporting this trend.

    Meanwhile, top U.S. and Chinese economic officials are expected to meet in Geneva for a second round of high-stakes trade talks to ease tensions from Trump’s escalating trade war.

    The conflict has already led to steep tariffs—145% on Chinese goods and 125% on U.S. exports—disrupting global supply chains and prompting companies to seek alternatives.

    According to the New York Times, economists warn the ongoing dispute could slow global growth, raise inflation, and push the U.S. toward a recession.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleCoinbase CEO passes on Saylor’s Bitcoin balance sheet bet
    Next Article BSV Investors Push for Revival of $13 Billion Claim Against Binance
    John Smith

    Related Posts

    Top 3 catalysts for Bitcoin, altcoin prices this week

    May 11, 2025

    Shiba Inu pattern points to 190% surge asv burn rate rises

    May 11, 2025

    Which memecoin will be the next 100x this bull run, Pepe or Pepeto?

    May 11, 2025
    Leave A Reply Cancel Reply

    Top Posts

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Boost Your Crypto: Up to 30% Cash Back! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    About Us

    Stay updated on the world of cryptocurrency
    Your one-stop source for daily crypto news and insights
    Blockchainecho.info: Your trusted daily crypto companion

    Most Popular

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Boost Your Crypto: Up to 30% Cash Back! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Copyright © 2025
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.