Bitcoin has continued its strong upward momentum from yesterday, reaching a new all-time high of nearly $118,900 today. For most of the day, it has been holding above $118,000, before pulling back slightly to trade near $117,500 at the time of writing. This still remains significantly higher than yesterday’s record of around $113,800, marking an impressive multi-day surge.
Ethereum Reclaims $3,000
Ethereum has also seen notable gains, rising nearly 7% over the past day to reach the $3,000 mark. However, it is currently facing strong resistance at this level, holding around $3,000 for several hours without a decisive breakthrough.
The last time Ethereum traded above $3,000 was in early February. Just three months ago, it was barely above $1,500.
XRP Records Sharp Gains
XRP surprised many traders with a rapid move today, briefly breaking above $2.90 before pulling back to around $2.80. It remains up 13% today and nearly 27% this week, showing strong momentum amid the broader market rally.
Broader Market Rally Continues
Almost every top 100 coin is trading in green today, with a large group of tokens recording double-digit daily gains. MemeCore (M) has been one of the standout performers, surging nearly 80% today and entering the top 100 for the first time, boosted by a BNB Smart Chain trading competition.
Other notable gainers include Story (IP), Stellar (XLM), and Sei (SEI), each surpassing 20% gains today following their own recent developments.
Memecoins also continue to post significant gains during this market rally. MOG is up 27%, Pengu has gained 21%, Dogecoin is up 14%, and Pepe has risen 12% over the past day.
Outlook for the Coming Days
Today’s rally has been driven largely by Bitcoin and Ethereum, which continue to set the pace for the broader crypto market. If Bitcoin maintains its momentum and sets another all-time high, further growth across the market is likely. However, after such strong gains, some might expect a period of profit-taking or a temporary cool-down.
That said, the crypto market has once again demonstrated its ability to attract strong investor interest during sharp rallies. With incoming regulatory clarity, growing corporate interest in adding crypto to treasuries, and a high likelihood of SEC approval for new altcoin ETFs, sentiment remains broadly optimistic. Whether this is the beginning of a sustained bull run will depend on whether Bitcoin and Ethereum can maintain their current pace in the days ahead.
