Crypto Rally Gains Steam: Bitcoin Nears Record High, Ethereum and Altcoins Surge

Bitcoin started the week trading at around $105,000 and is hoping for a new all-time high. Ethereum is showing signs of revival with a 40 percent weekly gain, and altcoins like Solana and XRP (Ripple) are following suit.

Anyone currently examining price trends in the crypto markets can afford a certain degree of optimism: Bitcoin (BTC) confirmed its upward trend over the weekend and is now trading at around $105,000, less than 5 percent away from its all-time high of around $109,000. Ethereum (ETH) , Solana, XRP (Ripple), and other altcoins are demonstrating relative strength and appear poised for a crypto rally. How did this situation come about?

Bitcoin benefited from at least two developments. For once, US President Donald Trump used Saturday and Sunday not to stir up new disputes, but instead to spread potentially good news. Negotiations with China to find a constructive solution to the sensitive issue of trade tariffs are on the right track, Trump said. Trump also announced a ceasefire in the conflict between India and Pakistan, and peace talks are even planned for the war in Ukraine. This allows Bitcoin to play to its strengths without global politics interfering.

Bitcoin ETFs break records again – Goldman Sachs involved

What’s particularly striking is that Bitcoin ETFs in the US are on a record-breaking path. Following continuous capital inflows over the past three weeks, Bitcoin ETFs in the US have now garnered a total of over $41 billion in new investments since their debut in January 2024, a new record high. Analysts emphasize that Bitcoin ETFs reflect institutional investors’ interest in BTC.

For example, the US investment bank Goldman Sachs significantly expanded its Bitcoin ETF positions in the first quarter, as MacroScope on X shows. Goldman Sachs is the largest investor there, now holding just over 30 million shares in BlackRock’s IBIT ETF, and has also added to Fidelity’s Bitcoin ETF. Such strategies are typically designed for the long term and could provide a good basis for further price gains in Bitcoin.

Ethereum makes a leap upwards – is ETH regaining its former strength?

Although Ethereum ETFs continue to weaken, ETH is finally able to develop its own momentum again. Ethereum was rewarded with a 40 percent weekly gain for the successful implementation of the Pectra update ; for the first time since the end of February, ETH is now trading above $2,600. While this is still far from Ethereum’s all-time high of just under $4,900, this current constellation appears to offer good profit opportunities with moderate entry prices for ETH investments.

The major altcoins are also following Bitcoin and Ethereum’s upswing. XRP (Ripple) is trading at a good $2.40, with a weekly gain of around 11 percent primarily attributed to an important step in the U.S. Securities and Exchange Commission’s legal battle with Ripple. For XRP, the SEC’s persecution should finally be a thing of the past, and an official end to the mammoth litigation only awaits approval from the relevant court.

XRP and Solana take momentum from the Bitcoin rally

Solana, on the other hand, jumped to nearly $180 with a 20 percent weekly gain. Investors are now targeting the $200 mark for Solana. SOL is number two behind Ethereum in the decentralized finance (DeFi) sector. This sector is no longer subject to SEC oversight in the US, and with World Liberty Financial (WLFI), the Trump family itself is active in DeFi.

Conclusion: Start of a Bitcoin record week? Dynamics are encouraging

Bitcoin has shaken off the setbacks of March and April, when Trump’s punitive tariffs plunged the markets into uncertainty. It would come as no surprise if BTC heads straight for its all-time high from its current level—and from there, the path is clear for further gains.

Ethereum has at least given a clear sign of life, suggesting that there’s room for altcoins in crypto portfolios. Solana and XRP, which are perceived as US cryptocurrencies, are often found there. Exciting days lie ahead for Bitcoin and other cryptocurrencies, and this time the mood is leaning toward a rally.

__

(Featured image by Alesia Kozik via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in BLOCK-BUILDERS.DE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us