Bitcoin Just Broke $99,000 as Crypto Market Reacts to Trump's "Major Trade Deal" Teaser

Bitcoin is now sitting at $99,500, its highest point since the late-January squeeze, and things look bullish.

After a tumultuous few weeks of geopolitical uncertainty, markets are finally showing signs of shifting back into a lower-risk appetite.

This shift comes after President Trump teased a “major trade deal” with a “highly respected” country on Friday morning, offering some hope that at least one area of global tension might be easing up.

The president didn’t specify which country he was in talks with, but he hinted that it could be China, the subject of several rounds of crippling tariffs over the past few years.

Now, as White House officials continue discussing the trade deal, President Trump’s post has sparked a chain reaction among traders, who are pricing out some of the risk aversion that battered risk assets for weeks.

This shift in mood could be pivotal, as it might encourage investors to favor high-beta plays over safe-haven assets. And if you’re looking for the best crypto to buy as this shift in liquidity sparks more volatility, here are four altcoins that are showing promise.

Is Bitcoin Heading for $100K as Trade Deal Buzz Lifts Markets?

Bitcoin is now trading at $99,500, its highest level since the late-January squeeze, and things are looking bullish.

Spot volumes have soared by 51% overnight, while futures open interest has also shot back above $30 billion, indicating that there is real capital – not just FOMO from retail traders – behind this move.

The catalyst is evident: hopes of tariff relief. As we mentioned earlier, when President Trump took to Truth Social to announce a major trade deal, traders immediately adjusted the risk landscape.

Less heat on tariffs translates to fewer supply-chain disruptions, a weaker dollar and, in theory, better corporate margins – all conditions that push investors away from safe-haven assets and toward high-beta plays like crypto.

The opposite unfolded last month when President Trump’s new tariffs on China sparked a sell-off in Bitcoin, causing it to tumble from $88,000 to $74,000 within a few days. Tariffs foster uncertainty, which isn’t conducive to crypto trading.

But now that the tide is turning, we’re seeing a rapid shift in sentiment. This is evident in Bitcoin’s 3% surge within 24 hours and 25% rally over the past month as traders react positively to the easing global trade tensions.

And this could bode well for the broader crypto market. When Bitcoin experiences gains, liquidity usually spills over into smaller-cap coins. So if Bitcoin manages to break above $100,000 on the back of this news, the same optimism could fuel outsized moves in altcoins that haven’t yet benefited.

Overall, the conditions are setting up for more bullish activity in crypto, and we could be on the verge of another Bitcoin-led bull run if momentum continues to build.

What Are the Best Cryptos to Buy if Bitcoin Breaks $100K?

If Bitcoin does manage to break above the $100,000 level, then we could see a return of interest in altcoins, especially after Bitcoin led the way through the first quarter with a 70% surge.

Here are four altcoins that could benefit from this shift in capital and deliver some serious gains.

1. Solaxy (SOLX)

Solaxy (SOLX) might be one of the best cryptos to buy if Bitcoin keeps rising. The project’s presale has already raised $33.6 million, making it the largest Solana-based ICO to date, and it isn’t slowing down. But what’s all the fuss about?

Well, Solaxy is building the first Solana Layer-2 using rollup tech, promising speeds of up to 10,000 transactions per second (TPS) while still using Solana’s base layer for security.

That’s faster than Solana itself, and way faster than Ethereum’s Layer-2s like Base or Arbitrum, offering the best of both worlds: security and scalability, which are usually mutually exclusive in blockchain tech.

Solaxy’s testnet has already processed over a million transactions since launching, and its small fee structure is also an advantage. Plus, there are plans to build a cross-chain bridge to Ethereum, something crypto analyst ClayBro is hyped about.

If Bitcoin’s gains continue to bring fresh capital to the crypto market, then early-stage altcoins like Solaxy could be first in line for some serious gains.

2. Bitcoin Cash (BCH)

Bitcoin Cash (BCH) has a habit of closely following Bitcoin’s price movements, usually lagging behind but then suddenly taking off when Bitcoin experiences a bull run.

As Bitcoin edges closer to $100,000, BCH is already showing signs of recovery, benefitting from its close correlation and shared infrastructure with BTC.

At $254,