Bitcoin Hits Record $122.5K, Altcoin Season Picks Up Steam

Bitcoin’s New All-Time High Sends Shockwaves Through the Crypto Market

Bitcoin just made history, again. On Monday, the world’s largest cryptocurrency hit a record high of $122,105, setting off a wave of excitement across the crypto space. According to CoinDesk, this massive price jump was powered by growing ETF inflows, a wave of short liquidations, and some surprisingly positive signals coming out of Washington.

It’s not just Bitcoin enjoying the spotlight. Ethereum (ETH), XRP, Solana (SOL), and even Dogecoin (DOGE) saw big gains as investors poured back into the market.

Ethereum Hits $3,000 Thanks to ETF Demand

Ethereum went past the $3,000 mark, with a great $383 million flowing into ETH-related ETFs just last Friday. This rise shows growing investor trust in Ethereum’s role in future financial infrastructure, especially as smart contracts, DeFi apps, and real-world asset tokenization continue to grow.

Other tokens joined the rally. XRP is now trading around $2.95, up 30% this week. Solana reclaimed the $167 level, and Dogecoin saw a 20% pump thanks to retail hype and meme culture returning to full force.

What’s Fueling the Surge?

Traders say this rally mirrors past bull cycles. When Bitcoin makes a big move, it often “unlocks” liquidity across the market, boosting altcoins too. This time, strong on-chain support at $109K and flows from traditional markets into crypto are giving investors more confidence.

We’re also in the middle of “Crypto Week” in Congress, a series of hearings aimed at making the U.S. a leader in digital finance. That optimism has given bulls more reason to believe this rally isn’t just hype.

“The trend remains bullish. We could see Bitcoin test $130K to $150K by year-end if macro winds cooperate,” said Eugene Cheung, Chief Commercial Officer at OSL.

Watch Out for Tariff Tensions

But it’s not all clear skies. President Donald Trump announced a 30% tariff on goods from the EU and Mexico, causing fears of a trade war. U.S. and European stock futures fell early Monday, with the S&P 500 down 0.4% and Europe’s Stoxx 600 dropping 0.6%.

Interestingly, this uncertainty has pushed more investors toward hard assets. Silver is now trading near 2011 highs, and Bitcoin may be benefiting from the same safe-haven appeal.

So, What Happens Next?

If Bitcoin holds above $120K and macro conditions don’t worsen, we could see even more gains for Ethereum, XRP, and other altcoins. Many investors are rotating their funds into these “second-wave” tokens, hoping to ride the momentum.

Legislative clarity in the U.S. and strong institutional demand are shaping up to be powerful forces. And with summer just beginning, the market could have plenty more room to run.

The post Bitcoin Hits Record $122.5K, Altcoin Season Picks Up Steam appeared first on Coinfomania.