Bitcoin price cracks all-time high and flirting with $ 120,000
After months of consolidation around the psychologically important 100,000 USD brand, Bitcoin now clearly breaks out a new all-time high. Massive tributaries in spot ETFs and purchases from Bitcoin trasury companies drove the course overnight to $ 118,000. Additional tailwind provides the prospect of monetary solutions in the USA.
Bitcoin remains the market driver
Under the pressure of political decision-makers, the US government signals a change of course towards monetary policy. An interest rate could be reduced in July as long as inflation cools down and the labor market data remain stable. In combination with the deficit expansion by Trump's “Big Beautiful Bill”, the course is set for a continuing dollar devaluation. Lower interest rates and increased money liquidity support risky systems, which makes Bitcoin more attractive both as inflation protection and as a speculative object.
The increase in the Bitcoin price also pulls up Ethereum (ETH). The second largest cryptocurrency after market capitalization is again over $ 3,000, whereby the all -time high remains a good distance away. Nevertheless, there are positive impulses. Since April, the relationship between Ethereum and Bitcoin (“ETH/BTC”) has increased by +33%, while the ETF inflows also gain drive.
Signs of life in the old coins
During historical upward cycles, there was a catch -up phase for the old coins at all -time highs in Bitcoin. Beginnings of this pattern are emerging again. Over the past seven days, most digital assets have recorded growth in the double -digit percentage range. The winners of the week were Stellar XLM (+28.05%), Cardano Ada (+23.02%) and SUI (+19.42%). The “losers” were Tron Trx (+3.33%), BNB (+4.53%) and Bitcoin BTC (+8.45%).
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Risk.
Plants and investments, especially in cryptocurrencies, are generally associated with risk. The total loss of the capital invested cannot be excluded. Cryptocurrencies are very volatile and can therefore be exposed to extreme price fluctuations in a short time.
