What happened?
Bitcoin surged past $126,000 in early Asian trading before settling around $123,800, sparking a fresh bullish phase across crypto. Major altcoins joined the rally — Ethereum topped $4,500, BNB climbed to $1,225, Solana hit $233 and XRP traded near $2.99. Overall, the market posted strong weekly gains with broad-based buying pressure.
Who does this affect?
Traders and investors feel the biggest impact, with long positions benefiting and short-sellers under pressure as prices jump. Institutional players and funds watching momentum may become more willing to deploy capital, while retail investors could FOMO back into the market. Regulators and policymakers also pay attention since big moves and political uncertainty can shape their next steps.
Why does this matter?
A sustained rally to new highs can lift overall market sentiment, draw more capital into crypto, and push price targets like $150K into mainstream conversation. That amplifies both upside potential and the risk of sharp corrections, so liquidity, leverage and key resistance levels matter more than ever. If the trend holds, it could accelerate institutional adoption and reshape allocation decisions across risk assets.