
Jakarta, Pintu News – Bitcoin set another new record high by breaching the $122,000 mark on Monday, triggering a broad upswing in the crypto market. ETF fund inflation, liquidation of short positions, and policy optimism from Washington have supported the continued bullish mood. These gains have not only affected Bitcoin (BTC) but also other major cryptocurrencies such as Ethereum , Ripple , and Dogecoin .
Ethereum (ETH) managed to break through the $3,000 mark, supported by $383 million in ETF fund inflation on Friday. The rise signifies significant gains, considering Ethereum (ETH) is often considered the second barometer after Bitcoin (BTC) in the crypto industry.
With Bitcoin (BTC) stabilizing above $120,000, the opportunity to see further spikes in Ethereum (ETH) and other major cryptocurrencies is becoming more and more exposed. Ethereum (ETH) not only benefits from fund inflation but also from increased adoption and integration in various applications and platforms. The rise is also fueled by positive expectations of continued technical improvements and wider adoption among financial institutions.

Ripple (XRP) is trading near $2.95, up 30% on a weekly basis, while Dogecoin (DOGE) jumped more than 20%. These gains were driven by retail investment rotations and talk of meme currencies making a comeback. Ripple (XRP) and Dogecoin (DOGE) are showing strong resilience and appeal among investors looking for alternatives to Bitcoin (BTC).
Moreover, with the “Crypto Week” being held by the US Congress, the hope of gaining legislative support further boosts the positive sentiment in the market. Both cryptocurrencies are enjoying higher liquidity and growing interest, which could lead them to higher price levels in the coming weeks.
With strong on-chain support at $109,000 for Bitcoin (BTC), as well as the flow of funds from the stock market into digital assets, investors are gaining confidence. If macroeconomic conditions are favorable, Bitcoin (BTC) could try to break $130K-$150K towards the end of the year. This will also have a positive impact on other cryptocurrencies.
However, escalating trade tensions as announced by Trump with 30% tariffs on goods from the European Union and Mexico, could be a hindrance. Nonetheless, the crypto market has shown resilience in the face of economic uncertainty before, and the current bullish trend is expected to continue.
Bitcoin’s (BTC) significant rise has paved the way for other cryptocurrencies to flourish. With potential legislative support and stable macroeconomic conditions, the future looks bright for Ethereum (ETH), Ripple (XRP) and Dogecoin (DOGE). Investors and market watchers will be keeping a keen eye on these dynamics.
Also Read: Big Drama: Coinbase and Binance Deny Each Other Over Media Leaks and Market Grab!
That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.