Bitcoin Breakout, Trump Speculation Fuel Altcoin Surge

Arthur Hayes has flipped bullish after Bitcoin surges past its all time high on strong volume. Citing Ethereum’s growing momentum and potential tariff rollbacks , now he expects a major Altcoin Surge. His fund, Maelstrom, is ramping up crypto exposure in response.

Arthur Hayes Calls for “Monster Alt Season”

Former BitMEX CEO Arthur Hayes has announced the onset of a "monster alt season" on X. His confident utterance comes as Bitcoin smashed past the $118,000 level, triggering a renewed wave of hope throughout the entire crypto space. Hayes is of the opinion that technical momentum as well as political events are presently coming together in altcoins' favor.

Ethereum Leading the Way for Altcoin Surge

The statement specifically highlighted Ethereum’s strong performance during Bitcoin’s recent rally. The ETH is currently betting at $2,951 with a 17.68% up over the past seven days. ETH’s strength has been seen as an early signal that Altcoin Surge may soon take the lead in the next bullish cycle. This view suggests that investors could soon rotate from Bitcoin into Ethereum and other alternative cryptocurrencies in search of higher returns.

Source: CoinMarketCap

MeMeCore (M) tops the list of the week’s Biggest crypto gainers with a massive 1,263% jump, while Mog Coin and Stellar follow with gains of 75.01% and 67.43%, according to CoinMarketCap. Marking the enhancement in Altcoin Surge.

"TACO" Theory: Trump May Back Off Tariffs

The BitMEX co- founder introduced the phrase “TACO”, which stands for “Trump Always Chickens Out”. The  statement is the outcome of the growing speculation that Donald Trump could soften his tough stance on tariffs. If this happens, it could boost investor confidence and support risk, especially markets like crypto. Hayes believes that easing trade policies could give the Altcoin Surge run an extra boost, Adding to the growing market movement.

Bitcoin Rally Erases Short-Term Doubts

Bitcoin ’s new all time highs quickly shifted market sentiments. The sharp rally caught many unexpectedly and pushed traders to jump back into the market. Just weeks earlier, Hayes had been cautious due to concerns about the US treasury refilling its General Account (TGA), which could have drained liquidity from financial markets. However, with crypto surging, those concerns now seem less urgent.

Source: CoinMarketCap

Renewed Optimism Among Investors for Altcoins

The general mood in the crypto market has shifted to a more optimistic and positive outlook. Hayes, who had issued several warnings earlier in the year, now seems more optimistic than ever. His updated outlook suggests that macro-economic conditions and political developments may be setting the stage for a broad- based rally.

As of now, no major counter statement or denials have been issued regarding Trump’s potential tariff reversal. But market analysts view the upcoming digital asset’s world turning into new assets. Some altcoin have already been preferred by top players, this all contributing to a major forthcoming Altcoin Surge.