- Trump’s Truth Social post sparks major momentum shift in crypto markets.
- Bitcoin and altcoins rally as traders react to sudden diplomatic breakthrough.
- Ethereum and Dogecoin post double-digit gains following Trump-China trade progress.
The price of Bitcoin and major altcoins surged after President Trump indicated that talks with China had taken unexpected strides. Ethereum rose by over 5% in trade above $3,400.00, while Solana rebounded by 13% to the highest level in over a year.
He described the discussions as productive and amicable, to the point of saying practical decisions had been reached. Trump pointed out that China is not ready to loosen the restrictions on American companies’ entry into its market.
A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS…
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) May 10, 2025
The disclosure was promptly recognized as a step toward settling geological and economic differences. Bitcoin’s value soared straight away as investors quickly added to their positions.
The surge seals Bitcoin’s status as a global barometer of market liquidity and investor risk appetite. With the increased faith in the market, dollars flooded into many cases of cryptocurrencies and altcoins.
Ethereum had increased by over 10 percent in a single day and sold for almost $2,600. Dogecoin soared by 21 percent overnight, nearing $0.25 on early Monday.
Altcoins Boom as Markets React to Geopolitical Shift
Productive gave the altcoins a broad upward movement as renewed hope over trade relations prompted investors to assume more risk. Financial markets saw the Trump-China development as a sober retreat from the current economic strife.
With little activity on weekends and good sentiment worldwide, momentum built up quickly. Overall, it seemed that a revival of diplomatic unity most supported the demand for digital assets.
The market’s response showed the direct impact of international developments on crypto prices. Top leaders’ diplomatic moves are becoming more decisive in pushing asset price fluctuations.
The fact that Trump listened to the message on the public raised the message’s credibility and urgency in global investors’ eyes. The surge in funds into crypto pushed up altcoin prices at major exchanges sharply.
Dogecoin and Ethereum led the way, but more than ten percent gains were observed in other various altcoins. The finger pointed at a significant volume of liquidity from aggressive buyers making an upward swing in trading volume.
After Trump’s remarks, the hope for the relationship between the U.S. and China caused a far-reaching rally in digital assets. Digital asset investors will be on high alert, anticipating any new developments in the market.
Also Read: SHIB in Trouble: Majority of Holders Now Losing Money on Token
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