Crypto News: Bitcoin Breaks $122K, What's Next for Ethereum, XRP, Dogecoin, and Altcoins Amid Crypto Week Momentum?
Bitcoin surged past $122,000, driving Ethereum above $3,000 and fueling rallies in XRP, Dogecoin, and Solana. Legislative momentum in the U.S. and macro tailwinds could push BTC toward $150K by year-end.Bitcoin Breaks $122K: Ethereum, XRP, and Dogecoin Follow as Crypto Week, ETF Inflows Spark Market RallyBitcoin (BTC) extended its July breakout to a new all-time high of $122,089 on Monday, fueling a broad rally across major cryptocurrencies as spot ETF inflows, short liquidations, and growing optimism around U.S. crypto legislation lifted investor sentiment.Key Takeaways:Bitcoin reached $122K, marking fresh all-time highs amid sustained ETF demand and macro-driven momentum.Ethereum (ETH) surged past $3,000, backed by over $383 million in ETF inflows late last week.XRP jumped to $2.95, up 30% on the week, while Dogecoin (DOGE) rallied over 20% and Solana (SOL) reclaimed the $167 level.Analysts say BTC could test $130K–$150K by year-end if macro tailwinds continue.BTC Leads as Altcoins Wake UpThe recent surge in Bitcoin has triggered renewed bullish activity across altcoins, a pattern seen in past bull cycles. Once Bitcoin solidifies its lead and price stabilizes, traders typically rotate into large-cap tokens, memecoins, and high-beta plays.“Crypto prices benefited from the major melt-up fervor, with BTC trading up to the high $122K area and liquidating over $1 billion in shorts,” said Augustine Fan, Head of Insights at SignalPlus.“Market sentiment is likely to stay frothy into the summer. The only real risk catalyst would be a breakdown in tariff negotiations, but the next move lies with the President,” Fan added.U.S. “Crypto Week” Could Set the Stage for Next Leg HigherThe U.S. Congress has officially begun “Crypto Week”, with key legislation on digital assets expected to move through the House and Senate. The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act could reshape the regulatory landscape, potentially fueling further market optimism.“If macro winds cooperate, we could see BTC test $130K–$150K by year-end,” said Eugene Cheung, Chief Commercial Officer at OSL.Meanwhile, Trump’s proposed 30% tariff on EU and Mexican goods has added uncertainty to equity markets but may be indirectly benefiting Bitcoin. Equity-index futures fell early Monday: S&P 500 contracts dropped 0.4%, and Stoxx 600 futures fell 0.6%, reflecting investor anxiety over deepening trade tensions.Onchain and Cross-Asset Support GrowBitcoin is showing strong onchain support at $109,000, while institutional rotation from traditional assets into digital ones remains steady. CryptoQuant data also shows record accumulation levels by long-term holders, reinforcing the uptrend.Silver prices surged to levels last seen in 2011, suggesting broader appetite for hard assets amid rising inflation fears and fiscal instability.With Bitcoin above $122K, Ethereum past $3K, and altcoins reawakening, the crypto market is entering a pivotal phase. Legislative clarity, institutional demand, and macro dislocations are forming a powerful trifecta for continued upside — and if momentum holds, analysts see a path toward $150,000 BTC by year-end.
