Charles Hoskinson Predicts Trillions for Altcoins, Bitcoin to Hit $250K

  • Bitcoin surged past $118,000 for the first time, reaching a record $118,195 as overall crypto market capitalization climbed to $3.75 trillion.

  • Charles Hoskinson predicts a massive influx of capital into altcoins and reaffirms Bitcoin could reach $250,000 by early 2026.

  • The GENIUS and CLARITY Acts are expected to shape the next phase of crypto adoption and influence investor confidence across the sector.

Bitcoin reached a new all-time high of $118,195 on Friday, continuing its rapid upward movement and contributing to a broader rally across the cryptocurrency market. According to CoinGecko data, the market capitalization of all digital assets now stands at approximately $3.75 trillion, with Bitcoin accounting for over 62% of the total value.

In a post that is characteristically reserved on price forecasts, Charles Hoskinson, the founder of Cardano, made a bold statement that altcoins are on track to generate investments of trillions of dollars. His recent remark was when Bitcoin registered a new rally. Hoskinson equally shared his earlier prediction that the price of Bitcoin might go as high as 250,000, a benchmark that he had earlier projected would be achieved as early as the first quarter of 2026.

ADA, ETH, XRP Join Market Surge

Cardano (ADA) experienced a notable gain of nearly 13% in the last 24 hours, coinciding with Hoskinson’s statement. Ethereum (ETH) rose by 8.5%, while XRP climbed by 7.1%. The combined performance of these major altcoins reflects growing investor confidence as legislative support for the sector gains traction.

Hoskinson noted that the overall increase in the level of activity in the market is partially explained by the appearance of two major crypto-related legislative bills in the United States, the GENIUS Act and the CLARITY Act. The recently passed Senate GENIUS Act, which seeks to provide regulatory clarity to stablecoins, is now expected to be debated in the House of Representatives throughout the upcoming Crypto Week. The CLARITY Act addresses the big picture in the structure of the digital asset market.

Shorts liquidation is a Response in the market

The rise on Friday was accompanied by a very steep combination of short liquidation, and on that scale, nearly 575 million was sold. The liquidation of these positions also led Bitcoin to skyrocket and helped boost the altcoin market. Such a move seemingly presented traders with a bullish switch after the announcement of the legislative progress and increased institutional activity.

The post Charles Hoskinson Predicts Trillions for Altcoins, Bitcoin to Hit $250K appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.