Bitcoin climbs past $100K as Altcoins lead the crypto revival
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Bitcoin briefly crossed the $100,000 mark on Wednesday, gaining as much as 4% before retreating slightly below the psychological barrier. At the time of writing, Bitcoin trades at $99,400, marking a 2.5% increase over the past day. However, despite the gains, on-chain transactions fell 37% compared to last week’s peak, and Bitcoin ETFs recorded $209 million in outflows, tempering some of the bullish enthusiasm.
Altcoins outshine Bitcoin in broader market rally
While Bitcoin’s rise captured headlines, altcoins delivered stronger performance, with the global altcoin market surging 8.61%. Ripple (XRP) led the charge, climbing 12% to retest the $3 mark, fueled by renewed optimism around blockchain’s potential in financial innovation under the Trump administration. Stellar (XLM), closely correlated with Ripple, rose 14%, supported by its shared focus on cross-border payments.
Solana (SOL) gained 9% to reach $205, driven by heightened on-chain activity and growing adoption of AI-powered projects within its ecosystem. Polygon (MATIC) added 5%, trading at $0.48, amid increasing demand for Layer-2 scalability solutions. Analysts suggest that MATIC could break through the $0.50 resistance if current momentum persists.
Bitcoin’s bullish outlook for 2025
According to a survey conducted by HashKey Group, Bitcoin could surge beyond $300,000 by 2025, driven by rising institutional capital inflows and greater adoption by mainstream financial entities. HashKey’s annual market report, informed by nearly 50,000 respondents, underscores Wall Street’s growing engagement with cryptocurrencies.
The report highlights Bitcoin’s role as “digital gold” amid inflationary pressures and macroeconomic uncertainties. It also projects the total cryptocurrency market capitalization to soar to $10 trillion by year-end, up from the current $3.64 trillion, as per CoinGecko data.
Key drivers of market growth
Institutional adoption remains a central theme, with financial institutions increasingly integrating crypto services. HashKey forecasts Ethereum’s price could reach $8,000, as the asset adopts a “digital oil” narrative. Additionally, innovations like Security Token Offerings, exchange-traded funds (ETFs), and Central Bank Digital Currencies are expected to inject $3 trillion in new capital into the market.
State-level adoption in the U.S.
On a national scale, Bitcoin’s inclusion in state treasury reserves is gaining traction. New Hampshire and North Dakota have introduced legislation to establish Bitcoin reserves, following similar proposals in Ohio. These moves underscore the increasing recognition of Bitcoin’s potential as a strategic asset.
As the cryptocurrency market continues to evolve, Bitcoin and its altcoin counterparts are poised to capitalize on growing institutional confidence and innovative adoption strategies, painting a bullish picture for the industry’s future.
Altcoins outshine Bitcoin in broader market rally
While Bitcoin’s rise captured headlines, altcoins delivered stronger performance, with the global altcoin market surging 8.61%. Ripple (XRP) led the charge, climbing 12% to retest the $3 mark, fueled by renewed optimism around blockchain’s potential in financial innovation under the Trump administration. Stellar (XLM), closely correlated with Ripple, rose 14%, supported by its shared focus on cross-border payments.
Solana (SOL) gained 9% to reach $205, driven by heightened on-chain activity and growing adoption of AI-powered projects within its ecosystem. Polygon (MATIC) added 5%, trading at $0.48, amid increasing demand for Layer-2 scalability solutions. Analysts suggest that MATIC could break through the $0.50 resistance if current momentum persists.
Bitcoin’s bullish outlook for 2025
According to a survey conducted by HashKey Group, Bitcoin could surge beyond $300,000 by 2025, driven by rising institutional capital inflows and greater adoption by mainstream financial entities. HashKey’s annual market report, informed by nearly 50,000 respondents, underscores Wall Street’s growing engagement with cryptocurrencies.
The report highlights Bitcoin’s role as “digital gold” amid inflationary pressures and macroeconomic uncertainties. It also projects the total cryptocurrency market capitalization to soar to $10 trillion by year-end, up from the current $3.64 trillion, as per CoinGecko data.
Key drivers of market growth
Institutional adoption remains a central theme, with financial institutions increasingly integrating crypto services. HashKey forecasts Ethereum’s price could reach $8,000, as the asset adopts a “digital oil” narrative. Additionally, innovations like Security Token Offerings, exchange-traded funds (ETFs), and Central Bank Digital Currencies are expected to inject $3 trillion in new capital into the market.
State-level adoption in the U.S.
On a national scale, Bitcoin’s inclusion in state treasury reserves is gaining traction. New Hampshire and North Dakota have introduced legislation to establish Bitcoin reserves, following similar proposals in Ohio. These moves underscore the increasing recognition of Bitcoin’s potential as a strategic asset.
As the cryptocurrency market continues to evolve, Bitcoin and its altcoin counterparts are poised to capitalize on growing institutional confidence and innovative adoption strategies, painting a bullish picture for the industry’s future.