The crypto market hints at a bullish path, as Bitcoin, Ethereum, and many top coins are trading in green numbers.

Along with these top cryptos, altcoins like Virtuals Protocol, Floki, and Hyperliquid are gaining momentum. The altcoins growth is mainly due to President Donald Trump's administration statement on reducing tariffs on Chinese goods.

In a surprising turn of events, altcoins are surging rapidly, touting gains of 28% in 24 hours. This surge follows President Donald Trump’s administration statement on reducing tariffs on Chinese goods. The move is being made to aid U.S. farmers who have been hit hard by the trade war.

The crypto market is displaying a bullish path, with Bitcoin, Ethereum, and many top coins trading in green numbers. Along with these top cryptos, altcoins like Virtuals Protocol (VIRTUAL), Floki (FLOKI), and Hyperliquid (HYPE) are gaining momentum.

The altcoins growth is mainly due to President Donald Trump’s administration statement on reducing tariffs on Chinese goods. The statement comes after months of tension between the two economic superpowers.

The decision to reduce tariffs was made to help U.S. farmers, who have been bearing the brunt of the trade war through lost markets for crops, meat, and seafood.

“We are making great progress on a trade deal with China. In the meantime, we will be helping U.S. farmers, who have been splendidly hit by China’s tariffs, with a package of trade assistance,” Trump said in a statement on Monday.

The move to reduce tariffs could be a key step toward easing trade tensions and setting the stage for a broader trade agreement.

Bitcoin’s Rally Sparks Massive Altcoins Surge

Bitcoin, the top crypto in the industry, once again proved itself. After climbing from $90,000 to above $95,600, it set a bullish tone across the market. It is currently trading at $94k. The record inflow of $3.06 billion into spot Bitcoin ETFs shows renewed institutional interest. This surge is liquidating many short positions and increasing Open Interest to $63.3 billion.

As a result, altcoins are surging, with traders now looking beyond Bitcoin for higher returns. If Bitcoin continues its push toward $100,000, more altcoins could see significant rallies in the coming days.

Virtuals Protocol Price Soars on Strong Momentum

Among many altcoins, Virtuals Protocol (VIRTUAL) stands out with its 28% in 24 hours. At press time, VIRTUAL is trading at $1.42, reflecting a 150% growth from last week. Technically, the token is in a powerful uptrend, trading above key moving averages like the 50, 100, and 200-day EMAs.

Even though the Relative Strength Index (RSI) signals overbought conditions, demand remains steady. Breaking through the $1.5000 resistance could clear the path for Virtuals Protocol price to target the $2.0000 and $2.5000 milestones.

Chart 1- VURTUAL/USDT Live Price, published on TradingView, April 28, 2025.

Floki Live Price Shows Potential for Breakout

Floki is another notable coin in the altcoins growth rally. It rose 48.33% in the last 7 days, attracting the interest of investors and maintaining the 100-day EMA level of $0.000086. Floki latest price stands at $0.00008536, reflecting a 9% rise within the last 24 hours.

If Floki live price closes above the pivotal $0.0001 level, this will pave the way for an even bigger rally to $0.0001075 and more. Nevertheless, overbought RSI readings hint at the possibility of an impending short-term correction.

Chart 1- FLOKI/USDT Live Price, published on TradingView, April 29, 2025.

Hyperliquid Price Eyes Key Resistance Levels

Hyperliquid (HYPE) is showing strong signs of strength even after a minor dip. The HYPE is currently trading at $18.37, holding above crucial moving averages like the 100-day EMA. After breaking past a descending trendline resistance, the token suggests a potential longer-term trend reversal.

Although it faced some rejection below $20.00, support from the 50-day EMA at $16.62 is keeping bullish hopes alive. With the RSI standing neutral at 60.25, the Hyperliquid price still has enough room to move higher. A breakout above $20.00 could attract more buyers and push the price toward the $24.00 zone.

Chart 1- HYPE/USDT Live Price, published on TradingView, April 29, 2025.

Altcoins Growth Strengthens as Market Sentiment Improves

The broader altcoins trend is gaining more