Bulls were hopeful that altcoins would soon follow after Bitcoin (BTC) broke through $31,000 on April 14. Data from Cointelegraph Markets Pro and TradingView showed new 10-month highs of $31,035 for BTC/USD. The rise came after a consolidatory period and bullish macroeconomic data prints from the United States. Market participants remain convinced of continued strength and a break with the long-term downtrend. Although nervous price targets of $25,500 and $22,000 were previously mentioned, traders are optimistic about the market’s future. Altcoins like Ether (ETH) have already surged, with the total altcoin market cap adding $62 billion in two weeks.
Bitcoin price spikes above $31K as Ethereum gains spark ‘altseason’ calls
