Altcoin Season Approaches: Bitcoin Leads Surge While Gold Weakens

A temporary trade deal between the US and China has boosted crypto market confidence, driving Bitcoin’s price significantly higher. This has led to altcoins finally breaking out of their recent consolidation phase and reaching new highs. 90-day tariff cuts have given a boost to cryptocurrency markets, causing Bitcoin to surge over 10%, reaching $106k before easing slightly. While Bitcoin is leading the rally with a substantial price jump, Ethereum (ETH) has also witnessed a notable surge above $2,500. This rise in altcoin prices suggests that altcoin season may be approaching.