Bitcoin is on track to hit $100,000 as the cryptocurrency market heats up due to signals from the Fed and hints about a trade deal from President Trump. Altcoins are also seeing significant gains, with some increasing by more than 10%.
President Trump recently teased a major trade deal announcement with a highly respected country during a press conference at 10 a.m. ET.
Despite market volatility, Bitcoin has remained strong, indicating that investors consider it a safe investment during uncertain times. Analysts are predicting the start of an altcoin season, with many coins showing substantial growth.
In the past 24 hours, XRP has increased by 3%, Ethereum (ETH) is trading at $1,943, up 5% following a recent Pectra upgrade, and Solana (SOL) and Dogecoin (DOGE) have both risen by over 4% and 5%. Cardano (ADA) also saw a 4.8% boost.
SUI leads the way with a 9% increase, while Hedera (HBAR) is up by 5%. The Pi Network has risen by over 7% today, and Memecoin Pepe has gained 13%. ONDO and AAVE are both up by 6% and 7%, respectively. Chainlink and Avalanche have also seen gains of around 6%.
Today’s top crypto gainers include EOS, up by 17% at $0.84, Bitcoin Cash rising by 13% to $416.82, and Immutable increasing by 10.86% to $0.58.
The CMC Altcoin Index is currently at 30, indicating room for growth despite the strong performance of altcoins. Bitcoin remains dominant with a market share of 64%, and the Crypto Fear and Greed Index is at 53, showing a neutral market sentiment.
Crypto Rover, an analyst, shared a chart indicating a breakout in the altcoin season with increased activity in May 2025. According to analyst Michaël van de Poppe, the altcoin market looks promising, and it could rally to $925 billion.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
