As Bitcoin has crossed $118,000, the new game is for traders to have their eyes set on a breakout at $130,000. Meanwhile, altcoins such as Ethereum, Solana, XRP, and Dogecoin are enjoying the ride with profits, indicating a probable rally for the whole market.
Seamus Rocca of Xapo Bank noted this rally is “measured” and fueled by long-term institutional interest. He cited tight monetary policy and global unrest as reasons why Bitcoin is gaining traction as a macro hedge. Concurrently, Ethereum crossed $3,000 briefly, gaining over 17% this week. Data from TeraHash revealed that corporate BTC purchases recently outpaced spot ETF inflows.
Altcoins Ride Bitcoin’s Wave
As per CoinMarketCap, Solana jumped over 9% this week, now trading at $162. The rally came from increased retail and memecoin activity. XRP surged 27% after a technical breakout and renewed speculation over regulatory clarity. Dogecoin also saw a 22% jump, with higher volumes on Robinhood and Binance pushing it forward.
Besides, altcoins like Cardano, TRX, and AVAX also gained, confirming a broad altcoin revival. Bitpanda’s deputy CEO Lukas Enzersdorfer-Konrad explained that altcoins often follow strong Bitcoin rallies with a slight delay.
Caution Grows Despite Bullish Sentiment
In contrast, Ruslan Lienkha, Chief of MarketsYouHodler, noted some resistance levels on Bitcoin. According to him, there’s a possibility that the price will rise to $130,000, but if it doesn’t work, there can be unpredictable swings.
On X, Robert Kiyosaki advised investors to avoid FOMO. He called the surge in the market the “Banana Zone”—an area where emotions take hold while logic goes out. Kiyosaki warned about the dangers of late buying and advised purchasing only when the market takes a downturn.
Also Read: Will Bitcoin Hit $120K Next As Bullish Dominance Rises?
