Bitcoin, Altcoins Soar This Week: Top 3 Catalysts Explained

Last week saw Bitcoin and other altcoin prices surge as trade risks eased following President Trump’s positive comments on the ongoing U.S.-China negotiations. Bitcoin reached an all-time high above $104,000, while Ethereum surged past $2,500 after breaking its consolidation period, pushing the total market cap of cryptocurrencies to over $3.2 trillion. This article explores the top three factors driving this week’s price action in Bitcoin and altcoins.