Bitcoin (BTC) hovered just above $104,000 on Monday

Bitcoin price hovered just above $104,000 on Monday, buoyed by improving risk appetite across global markets.

The total cryptocurrency market capitalisation rose 1.3% to $3.37 trillion, reflecting broader optimism following a significant easing in trade tensions between the United States and China.

The two countries agreed to a 90-day tariff reduction framework after high-level discussions in Geneva over the weekend.

Under the deal, US tariffs on Chinese goods will be lowered from 145% to 30%, while China will cut its tariffs on US goods from 125% to 10%.

The agreement, brokered by US Treasury Secretary Scott Bessent and USTR Jamieson Greer alongside China’s Vice Premier He Lifeng, is being viewed as a breakthrough in a trade standoff that has weighed on global markets.

Crypto markets, particularly meme coins, are benefiting from the resulting risk-on sentiment.

As the broader market rallies, SUI, WIF and Bitcoin Pepe are beginning to show signs of major upside.

Sui (SUI) price climbs above $4

Sui (SUI) surged to $4.15 on Monday, lifted by a broader risk-on sentiment sweeping across global markets.

The bullish momentum in SUI reflects a wider market uptrend, with Bitcoin (BTC) close to breaching $105,000 and Ripple (XRP) targeting $3.00.

SUI is also gaining traction ahead of its ‘The Great Sui Odyssey #5′ event in Vietnam on Saturday, where the focus will be on redefining AI, gaming and DeFi within its ecosystem.

The layer-1 blockchain continues to position itself as a scalable, developer-friendly platform capable of powering advanced use cases such as large language models.

Technically, SUI remains in an uptrend. The MACD indicator is bullish, with the MACD line above the signal line, supporting the view of a breakout toward new all-time highs beyond the first-quarter peak of $5.38.

Dogwifhat extends rally

Dogwifhat (WIF) surged past its 100-day Exponential Moving Average (EMA) at $0.76 on Saturday, rallying 26% and closing above a key daily resistance level at $0.79.

At the time of writing on Monday, the meme token continues to climb, now trading around $1.28, up 44% in the past 24 hours.

If bullish momentum holds, WIF could retest its weekly resistance level at $1.44 in the near term.

However, the Relative Strength Index (RSI) on the daily chart is signalling caution.

The indicator has pushed well above the overbought threshold of 70, suggesting stretched market conditions.

While extreme RSI readings often precede a pullback, there remains a possibility that the token sustains its uptrend with RSI elevated—particularly in strong momentum phases.

Should a retracement occur, the psychologically significant $1.00 mark is likely to serve as the first major support.

Bitcoin Pepe to list on May 31

Bitcoin Pepe is positioning itself at the intersection of two of the most powerful trends in crypto: Bitcoin’s established status and the viral appeal of meme coins. The project’s core message is clear:

Investor interest has been growing steadily. The presale has raised more than $7.8 million.

Central to the project’s technical proposition is the PEP-20 token standard—a mechanism enabling the launch of meme coins directly on the Bitcoin blockchain.

Bitcoin Pepe (BPEP) is currently available at $0.0326 in its ongoing presale, which is scheduled to conclude on May 31, 2025.

The project’s official page indicates that the token is expected to list on exchanges shortly after the presale ends.

Bitcoin Pepe’s potential exchange listing could act as a significant catalyst for further price appreciation.

With improving sentiment in broader crypto markets, BPEP may benefit from interest in meme tokens.