Trump's Truth Social Post Triggers Bitcoin Rally, Altcoin Boom

The bitcoin (BTC) rally extended to major altcoins, with ethereum and dogecoin both posting double-digit percentage gains.

President Donald Trump's Saturday evening announcement on Truth Social about a breakthrough in trade talks with China saw bitcoin soar past the $104,900 level, rising 2% on the news.

The bitcoin (BTC) rally extended to major altcoins, with ethereum and dogecoin both posting double-digit percentage gains. Trump’s Truth Social post read: “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner.”

“We had a VERY good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive manner. Tariffs will come down slowly over time, no time limit, and in accordance with trade volumes. In addition, China will begin purchasing large amounts of agricultural, energy, and other products from the U.S., beginning immediately. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!,”

The statement follows a high-level diplomatic engagement on Saturday in Geneva, where U.S. and Chinese officials met to de-escalate tensions stemming from recent tariff escalations.

The market response was swift, with traders interpreting the remarks as a signal of easing geopolitical pressure—an environment that often benefits risk assets like bitcoin.

Ethereum’s price jumped over 10% in the last 24 hours reaching over $2,600, while dogecoin climbed roughly 21% to nearly $0.25, leading the altcoin rebound. The swift market response reflects just how tightly digital asset valuations are now tethered to geopolitical signals. At press time at 8:45 p.m. Eastern time, BTC is exchanging hands for $104,457 per unit.