$105K suddenly looks reachable: Bitcoin surged 7% on Monday’s 90-day U.S.-China tariff cease-fire, while gold sagged 3%, reversing the safe-haven playbook. Analysts now see the flagship token toppling its $109,588 peak—yet caution that altcoins may lag without fresh retail firepower.
Bitcoin Breaks Away from Gold, Targets New Highs
Nic Puckrin, crypto analyst, investor, and founder of The Coin Bureau, believes Bitcoin is emerging as the asset with the most attractive risk/reward profile in the current macroeconomic climate.
“Risk assets are back to a state of euphoria on the news that the U.S. and China have reached an agreement to significantly reduce tariffs,” he says. “This confirms that, to a large extent, the tariffs were simply a bargaining chip for the US to renegotiate its relationships with key trading partners.”
Gold, traditionally a go-to asset during times of uncertainty, has dropped over 3% as investors move back into risk assets, but Bitcoin has taken a different path.
“Bitcoin, which had been acting a lot like gold over the last few weeks, has now swiftly decoupled from that safe-haven narrative,” says Puckrin. “I wouldn’t be surprised if BTC surpasses its previous all-time high of $109,588 in the coming days.”
He points out that Bitcoin’s narrative is flexible—able to serve as a hedge during downturns and as a high-beta growth asset when markets are bullish. This ability to adapt, he argues, makes Bitcoin a more compelling long-term asset than gold.
Altcoin Momentum Faces a Reality Check
While Bitcoin’s outlook appears strong, Puckrin is more cautious when it comes to altcoins. Despite a short-term bounce following the trade deal news, he believes the rally is largely speculative and lacks strong fundamentals.
“Though altcoins are currently rallying, this is being driven purely by speculative investment from crypto-native traders,” he explains.
Retail participation—a key ingredient for sustainable growth—remains weak. “Retail buyers still haven’t entered the space in a meaningful way, and if they don’t, no ETF launches will be able to sustain the altcoin rally,” warns Puckrin.
Without broader market engagement and continued momentum, there’s a risk that the altcoin resurgence could fizzle just as quickly as it began.
Broader Crypto Market Eyes Upside on Macro Shift
Charles Wayn, co-founder of Web3 growth platform Galxe, takes a more optimistic view. He believes the U.S.-China trade pause marks a key turning point for market sentiment and could be a major catalyst for both Bitcoin and altcoins.
“The U.S./China trade tariff hiatus signals a shift toward improved macro sentiment that will float all boats—especially crypto,” says Wayn. “It’s a meaningful step that suggests easing geopolitical tensions, and digital asset markets are responding accordingly.”
Bitcoin is already closing in on the $105,000 mark, and Wayn sees potential for a push to $150,000 if the rally continues. He also notes Ethereum’s recent surge, up more than 30% over the weekend, as a sign of renewed life in the altcoin space. “This momentum, in tandem with Bitcoin’s rally, could spark a broader resurgence across web3,” he adds.
Still, Wayn echoes Puckrin’s broader sentiment that macro conditions are decisive. “Crypto doesn’t exist in a vacuum—macro conditions still play a powerful role in shaping sentiment and opportunity, whether we all like it or not.”
As risk appetite returns and traditional assets like gold fade from focus, Bitcoin appears well-positioned to lead the next leg of the market’s growth cycle. The question now is whether altcoins can keep pace—or if Bitcoin will continue to stand alone at the top.
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