Bitcoin Surges 30% to $97,000 on US-China Trade Deal Hopes

Bitcoin is currently trading above $97,000, driven by positive sentiments surrounding a potential US-China trade deal. According to a statement from Chinese state media, the US has reached out to China through multiple channels to discuss the tariff situation and strike a deal. However, the hawkish approach of the Trump administration towards China may pose challenges to reaching an agreement. Data from Polymarket indicates that 24% of people believe this trade deal can be announced before the end of June.

Bitcoin's recent performance has been impressive, with the token rising around 30% since April 9 and now trading around $97,000. Market participants believe that the psychological $100,000 mark can be breached in the next few sessions. The derivative markets are also seeing increased trading activity, and the overall Bitcoin liquidity and volumes have surged. This reflects a shifting market sentiment for the better, with traders hopeful about an end to the ongoing tariff war and a beneficial resolution to the conflict.

The positive sentiment surrounding Bitcoin has also rubbed off on AI tokens. The AI coin market cap has increased by 2.9% in the last 24 hours and now stands at $26 billion. Tokens such as $NEURAL, $ANON, and $HMT have been the top gainers. This comes after Kava Labs announced that it hit 100,000 users on its AI platform, which is the world’s first decentralized ChatGPT. It offers users verifiability and privacy, something other AI models do not currently offer. Kava Labs is just one example, though, and there are hundreds of innovative AI projects in the Web3 space with billions being poured into them by VCs. As the broader crypto market gains momentum, these value-driven projects will be the first to see sizable growth.

If you want to grab the crypto bull by its horns, this is the right time to invest. Here are some top altcoins you can buy right now for potentially massive gains. BTC Bull Token ($BTCBULL) is a new meme coin on presale that has been designed to follow the coattails of Bitcoin. In other words, buying $BTCBULL lets you benefit from Bitcoin’s growth without actually owning or buying it. That’s because BTC Bull Token is the ONLY crypto to offer real (and free) $BTC in its airdrops to its token holders. Every time Bitcoin reaches a new milestone, such as $150,000, $200,000, and $250,000, $BTCBULL owners who hold their tokens in Best Wallet will automatically receive their share of $BTC. The developers have also reserved a chunky 40% of the total token supply for PR and marketing activities. Combined with a deflationary model – wherein a part of the total supply will be shaved off at regular intervals – BTC Bull Token’s focus on publicity will likely keep the crypto’s hype (and price) pumping well after its launch on exchanges. As mentioned earlier, $BTCBULL is currently in presale. It has raised over $5.2 million at the time of writing, and each token is available for just $0.00249 right now.

Solaxy ($SOLX) plans to bridge the gap between Solana’s potential and its reality. These two, by the way, have quite a few miles between them today thanks to the network’s scalability issues. Even though Solana is technically a perfect blockchain for meme coins (it’s fast and affordable), the reality is that it gets overloaded whenever there’s a spike in transaction requests. Solaxy will solve Solana’s congestion and limited scalability by building the first-ever Layer 2 solution on the network. Solana’s debut L2 will offload a bunch of the network’s transactions onto a sidechain, thereby reducing the burden on Solana’s mainnet. It’s worth noting that $SOLX is a multi-chain token; it’s compatible with both Ethereum and Solana and will, therefore, be able to combine the former’s excellent liquidity with the latter’s speed. Considering its one-of-a-kind mission – as well as the tremendous success of its presale – we’ve predicted $SOLX to reach $0.20 by 2030, a 116x increase in a 5-year period. You can get it for just $0.001712 if you buy now.

Dog (Bitcoin) is the #1 dog-themed meme coin on the Bitcoin blockchain. Although it has broken through to the top trending cryptos list only recently, the token actually launched in the first half of 2024. What’s more, it also has a sizable market cap of over $300 million. A fully decentralized meme coin, $DOG was built to drive community engagement and introduce people to Bitcoin. The token is unique in that it operates under the CC0 license, meaning it doesn’t have an official team or organization controlling its development. $DOG leapt up by a whopping 88% in the last month, which includes a gain of over 48% in just the last seven days. With positive momentum on its side, the token could really extend its current rally if it managed to break and hold the $0.0030 level. Considering its 92% bullish community sentiment and a low price of just $0.003019, $DOG has made a strong case to be one of the best cheap cryptos worth buying today.

Finally, it’s worth mentioning that even though a Bitcoin rally is highly likely, the market guarantees nothing. Kindly bear in mind that we’ve picked the cryptos mentioned in this guide on the basis of our own research, analysis, and interpretation of the crypto market. However, this article is not financial advice, and we urge you to do your own research before investing.