Bitcoin began the week by setting a new all-time high, climbing above $119,000 late Sunday before extending gains early Monday. At the time of writing, BTC is trading over $122,000, having peaked briefly above $122.5K.
The price had hovered around the $117K–$118K range for most of the weekend. The breakout occurred during the late Sunday trading session and continued overnight, pushing Bitcoin into record territory.
Ethereum, XRP and Other Major Coins Also Gain
Ethereum is up approximately 2.5% on the day, moving past the $3,000 level. XRP has gained 4.5%, bringing its price near $2.90. Other top cryptocurrencies, including Solana, Avalanche, and Dogecoin, are also trading higher by 2–3%.
The gains are not limited to large-cap assets. Many mid- and lower-cap coins are outperforming the broader market.
Altcoins Posting Double-Digit Gains
PENGU continues its upward trend, rising nearly 25% on Monday after endorsement from Justin Sun. The coin briefly reached $0.03, compared to its price of around $0.009 one month ago.
Algorand is also up over 20%, trading above $0.30 – a level last seen in early February. Sui, Hedera, and Stellar are among the other notable performers, each posting double-digit percentage increases so far today.
Limited Declines Across the Market
Losses across the crypto market are very limited today. The biggest decline among major tokens comes from MemeCore (M), which is down approximately 4% following a significant rally last week. Despite the dip, M remains up substantially on a weekly basis.
More worrying is Pi Network, which has shown little movement and remains just above its all-time low. It has not reacted to the broader market’s gains over the past week, prompting concerns about weak demand and ongoing sell pressure.
Crypto Strength Comes Despite Weak Equity Futures
Monday’s crypto market strength contrasts with U.S. stock futures, which opened in negative territory. S&P 500 futures fell by about 0.6%, with concerns over new tariff measures contributing to broader market caution.
Earlier this year, crypto and equity markets often moved in the same direction, particularly during tariffs developments. However, Monday’s divergence suggests a shift in market behavior or changing sentiment around digital assets.
