Crypto Markets Surge as Institutional Interest and ETF Demand Rise
Cryptocurrency markets are experiencing a strong bullish trend this week. The surge is driven by growing institutional interest and increasing demand for crypto ETFs, especially for Bitcoin. This positive momentum has boosted investor confidence.
Bitcoin reached a high of $104,900 on Saturday, just 4% below its all-time peak. this rally was sparked by President Donald Trump’s declaration of progress in U.S.-China trade talks. Trump shared on his social media platform, “A very good meeting today with china, in Switzerland. Many things discussed, much agreed to.”
By Sunday morning, Bitcoin was trading around $103,985. other altcoins also performed well. Ethereum saw one of its strongest daily gains in weeks, while meme coins like Dogecoin and Shiba Inu showed important increases.
- Bitcoin: $103,985 (+0.7%)
- Ethereum: $2,536.25 (+8.7%)
- dogecoin: $0.24 (+14.9%)
key events include BlackRock’s meeting with the SEC to discuss crypto staking and ETF rules. China may also assist the U.S. in combating the fentanyl epidemic to improve trade relations.
Analysts see the decrease in Bitcoin’s market dominance to 63.89% as a sign of capital moving into altcoins. This could signal the start of an “altcoin season.” The ETH/BTC ratio has also rebounded from its lowest levels since 2020.
U.S. and Chinese officials are set to meet in Geneva for further trade talks. Economists warn that the ongoing trade dispute could slow global growth and push the U.S. toward a recession.
