The cryptocurrency market is witnessing a strong resurgence, with Bitcoin (BTC) recently hitting a fresh all-time high above $113,000, fueled by growing institutional interest and favorable macroeconomic trends. This bullish momentum has spilled over into the broader market, lifting altcoins like Ethereum (ETH), Solana (SOL), and XRP as well.
A key driver behind this rally is the surge in ETF inflows. Spot Bitcoin ETFs have recorded weekly net inflows of over $7.1 billion, signaling robust demand from traditional investors. Ethereum ETFs are also gaining momentum, with a single-day inflow of $217 million, which is over 34 times its daily issuance.
Another major development came from the announcement of a “Crypto Blue-Chip ETF” application submitted by Trump Media, which would include BTC, ETH, SOL, XRP, and CRO. If approved by the SEC, this could open the floodgates for further institutional adoption across multiple top-tier cryptocurrencies.
Bitcoin’s rally is further supported by long-term holders (LTHs), who now control over 74% of BTC supply. On-chain metrics suggest strong accumulation, while dormant wallets from 2011 recently moved over 20,000 BTC—worth nearly $2 billion—signaling potential strategic reallocation or OTC deals.
Meanwhile, macroeconomic conditions are also playing a role. Speculation around interest rate cuts by the U.S. Federal Reserve has driven risk-on sentiment, benefiting both crypto and tech stocks.
With the total crypto market cap exceeding $3.4 trillion, all eyes are on whether BTC can break the psychological barrier of $120,000 in the near term. Ethereum, buoyed by ETF flows and a tightening supply, is also poised for further gains.
Overall, the crypto market is in a strong bullish phase, but investors should remain cautious of potential volat