Bitcoin and Altcoins Recover Amid Easing Trade Tensions

Cryptocurrencies are showing signs of recovery as global trade tensions ease and market sentiment shifts from aggressive rhetoric to a more conciliatory tone. Bitcoin, trading around $94,500, has broken key resistance levels and is consolidating above important support marks, with technical indicators such as long lower wicks suggesting aggressive buying on every dip. Prominent commentator Scott Melker noted that Bitcoin’s sustained strength above its 50-day and 200-day moving averages underlines immediate short-term bullish momentum and potentially signals the onset of a larger bull cycle following what experts have described as the longest bear market in crypto history. Meanwhile, altcoins like PENGU, despite having been in decline for months, are beginning to show preliminary signs of recovery. Analysts urge caution, pointing out that while renewed demand could spark reversals for altcoins, the overall trend remains bearish until a clear market bottom is reached. The easing of trade tensions, notably linked to Trump’s efforts and China’s responses, adds further credence to the cautiously optimistic market outlook.