Bitcoin Clears $109K as Market Sentiment Turns; Altcoins Follow in Step
After a week of uncertainty and political noise, Bitcoin’s climb above $109,000 has reignited bullish sentiment in crypto markets, triggering a ripple effect across major altcoins. The move signals renewed investor confidence ahead of critical inflation data expected to shape the macro outlook.
Ethereum (ETH) led the charge with a 7% rally, while Dogecoin (DOGE) and Cardano (ADA) each surged over 5%, helping lift the broader market. The CoinDesk 20 Index posted a 4% gain, and global crypto market capitalization expanded by more than 3% in 24 hours.
The surge coincided with resumed U.S.-China trade negotiations and optimism around the SEC’s approval of new crypto ETFs, giving both institutional and retail investors reason to reenter the market.
“With trade talks back on and regulatory momentum accelerating, we’re seeing a rotation back into crypto,” said Augustine Fan of SignalPlus. “Bitcoin is reasserting itself as a macro asset.”
Others say the sell-off spurred by last week’s political headlines may have set the stage for this rebound.
“Markets overreacted to the Trump-Musk spat,” said Kay Lu, CEO of HashKey Eco Labs. “Fundamentals remain intact, and with CPI data on the horizon, traders are preparing for another leg up—or down.”
Still, this cycle isn’t shaping up like previous ones.
“The landscape has evolved,” said Jeff Mei, COO at BTSE. “Exposure channels now include ETFs, corporate balance sheets, and stablecoin ecosystems. That diversifies investor behavior and dampens knee-jerk moves.”
Nick Ruck, Director at LVRG Research, emphasized Bitcoin’s positioning in the broader macro environment.
“Holding firm above $109K shows strength,” Ruck said. “It’s not just crypto natives buying anymore. Bitcoin is being watched closely by institutions as a geopolitical and monetary hedge.”
With CPI data set to drop midweek and macro uncertainty still looming, traders are now looking to see whether Bitcoin can build on this strength—or if fresh volatility lies ahead.
