Bitcoin has surged past the highly anticipated $120,000 mark, setting a new all-time high and igniting bullish sentiment across the entire crypto market. Analysts attribute this rally to strong institutional inflows and renewed retail interest, with short positions being liquidated as the price pushed through heavy resistance.
Other major cryptocurrencies are also showing remarkable strength alongside Bitcoin’s breakout. Ethereum (ETH) has broken above the psychologically significant $3,000 level for the first time in months, supported by rising demand for staking and network upgrades. Solana (SOL) continues its impressive run near the $180 range, benefiting from increased DeFi and NFT activity on its blockchain.
Among the top five cryptocurrencies, BNB and XRP are also experiencing moderate gains, though both remain slightly below their previous peaks. Market watchers caution that while the momentum is clearly strong, traders should remain aware of potential profit-taking and short-term volatility.
In my view, Bitcoin’s push beyond $120K reflects the extensive preparation and accumulation that went on in recent months. Ethereum’s move above $3,000 is another clear sign that buyers are not backing down. If the current FOMO-driven buying continues, we may see new record highs in the coming weeks. (This is my personal opinion and not financial advice.)
Do you believe this rally will last, or is a sharp correction ahead? Share your thoughts below!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
