Bitcoin surged to new all-time highs above $125,000, driving the global crypto market cap past $4 trillion. This rally is fueled by significant institutional interest, including $4.5 billion in BTC and ETH ETF inflows and over 30 new crypto ETF filings. While Ethereum whales accumulate and XRP faces regulatory hurdles with ETF decisions, altcoins like Dogecoin and Solana are seeing renewed speculative interest and price predictions for substantial gains.
Key Developments
- Bitcoin achieved new all-time highs above $125,000, contributing to a global crypto market cap exceeding $4 trillion.
- Over 30 new crypto ETF filings were submitted, alongside $4.5 billion in inflows for existing Bitcoin and Ethereum ETFs.
- Ethereum saw significant whale accumulation and positive price predictions, while XRP faced an SEC shutdown impacting ETF decisions.
- Altcoins like Dogecoin, Solana, and Litecoin are attracting renewed investor attention with various price predictions and discussions of an 'altcoin season'.
- The stablecoin market cap grew by $6.1 billion this week, reaching $302 billion, indicating increasing liquidity.
Next 6 Hour Outlook
The market is likely to consolidate around Bitcoin's new highs, with continued attention on altcoin performance and upcoming economic developments and regulatory updates.
Top Tickers
BTC
ETH
XRP
DOGE
SOL