This is not a dream, Dorothy. We’ve walked the yellow brick road, and we’ve finally arrived: Bitcoin has surpassed $100,000.
When it seemed like the market was going to gift us a relatively calm week, Bitcoin took off in just a few hours, soaring from $96,000 to $103,900 per unit, marking the greatest milestone in the history of the crypto asset and cryptocurrencies.
This moment is a milestone for the entire sector, reflecting a shift in market dynamics driven by growing institutional interest and the emergence of a more favorable regulatory environment for the industry.
At this time, major corporations around the world are betting on Bitcoin as a future-proof investment. Led by Michael Saylor and MicroStrategy—holding 2% of Bitcoin’s total supply—companies like Microsoft and Tesla are looking to accumulate BTC in the long term to grow and strengthen their positions.
Additionally, the departure of Gary Gensler as SEC Chairman and the announcement of his replacement, Paul Atkins—a strong advocate for cryptocurrencies—will provide another major boost to crypto adoption. This opens the door to the creation of national strategic Bitcoin reserves.
🤓 From this point on, we better have our homework done, because what lies ahead is uncharted territory, and we can’t predict how far Bitcoin might go in the coming months.
Are you ready for the most thrilling journey of your life?
The Altseason Has Begun!
With a market capitalization of over $1.6 trillion, we can officially say that altseason is here.
💡 Did you know…?
Altseason is confirmed when 75% of the top 50 cryptocurrencies outperform Bitcoin over a 90-day period.
This is a crucial time for the crypto market, as it attracts fresh users seeking new opportunities while building confidence in projects beyond Bitcoin.
Three factors suggest this could be the biggest altseason in crypto history:
- Bitcoin’s price: The arrival of ETFs and the entry of large corporations and institutions have driven BTC’s price up, creating a sense of “saturation,” leading retail investors to seek alternatives.
- Regulatory clarity: New, more favorable crypto policies and laws worldwide have created an environment conducive to the growth of new projects.
- The resurgence of dinosaurs: Projects like Ripple, Hedera, Stellar, and Algorand, which have been in the crypto space for a long time, are leading the altseason ahead of newer cryptocurrencies like SUI.
Seize the moment to diversify and discover new projects.
Ethereum doesn’t want to miss the party
Ethereum has risen by more than 8% over the past seven days, surpassing $3,900 per unit and gearing up to break its own all-time high.
ETH’s growth is driven by a shift in investor focus, as some have begun diverting their attention from Bitcoin ETFs to Ethereum ETFs, which are more affordable yet equally appealing.
Over the past week, Ethereum saw inflows exceeding $270 million, marking a significant change in the dynamics of recent months. If this trend continues in the coming days, it could position Ethereum to lead the altseason.
Author
