📉 Bitcoin Pulls Back After Rally
Bitcoin dropped about 4.9% in the past 24 hours, retreating to $116,658 after briefly hitting a record high above $122,000, as traders took profits
.
Ethereum, XRP, Solana, and Dogecoin also saw declines in the 2–7% range
💥 All-Time High During “Crypto Week”
At the start of Crypto Week on Capitol Hill, Bitcoin surged past $123,000, driven by optimism around three key U.S. crypto bills—CLARITY Act, Anti-CBDC Act, and GENIUS Act
.
Bills aim to define stablecoin regulations, strengthen oversight via the CFTC, and preemptively ban a Fed-issued digital dollar
.
🏦 Institutional Inflows & ETF Frenzy
Bitcoin ETFs attracted $2.7 billion in inflows last week; Ethereum ETFs saw around $0.9 billion (or $900 million)
.
These inflows coincide with renewed all-time highs and show institutional investors are doubling down—Coinbase and MicroStrategy saw share gains; ETF-linked stocks rallied
.
🔁 Altcoin Season Gaining Traction
Bitcoin dominance fell, signaling capital rotation towards altcoins. Analysts say the “alt‑season” has begun, as Ethereum and others outpace BTC after months of consolidation
.
A “collective explosion” in large-cap altcoins is suggesting upward momentum in broader sectors
.
📊 Analyst Outlook & Forecasts
Technical analysis suggests Bitcoin may rally another ~14% to about $134,500, based on cup‑and‑handle patterns and MACD trends
Business Insider
.
Despite a short-term pullback, analysts say fundamentals remain strong, supported by institutional demand, ETF inflows, and ongoing regulatory clarity .
🔍 Key Trends to Watch
Crypto Week legislative updates could further stabilize sentiment or spark volatility—watch for bill progress and any amendments.
ETF fund flows remain critical: sustained capital inflows could fuel continued rallies, while profit-taking may trigger deeper retracements.
Altcoin rotation may present opportunities—especially in Ethereum, Solana, XRP, and other major tokens.
