- Bitcoin breaks through the $124K mark, continuing to strengthen its leading position to 55.22 percent and ensuring the entire crypto market grows to $4.44 trillion.
- Ether and Solana gained 2.44 and 2.29 percent, respectively, and certain small- and large-cap tokens were unstoppable.
- Multi-million-dollar pay hikes of Shrapnel, HoneyCoin, and Mecka indicate capital inflows and investor confidence into their constituents.
Bitcoin makes a new all-time high of $124,224, smashing past an all-time high of $124K amid a total crypto market cap that now is up to $4.44 trillion. BTC increased by 1.8 percent on the day and ETH by 2.44 percent to $4,741. Broader altcoins posted modest 1–2% increases, though memecoins largely ended in negative territory.
Bitcoin’s Record and Market Sentiment
Bitcoin smashes $124K amid a strong market trend, supported by high liquidity and positive momentum. The Fear and Greed Index stood at 75, indicating sustained bullish sentiment. Daily liquidations totaled $470 million, underscoring volatility despite record highs.
BTC dominance is at 55.22%, showing its firm position in the market. The gains also reflect a shift toward large-cap strength. Ethereum and Solana were among the notable leaders, with both outperforming the broader altcoin segment.
The market is also driven by continued institutional interest and funding rounds. Projects like Shrapnel, HoneyCoin, and Mecka secured multi-million-dollar raises, adding to sector optimism. Market depth and volume supported the upward price move.
Ethereum and Altcoin Performance
Ethereum gained 2.44%, extending its bullish trajectory within the large-cap category. The asset benefitted from steady market inflows and strong on-chain activity. ETH dominance reached 13.66%, showing stable positioning in the market share.
Other altcoins experienced moderate gains, with Solana posting notable strength. Small-cap gainers also contributed to market breadth. Large-cap winners included LEO and MKR, which maintained upward momentum.
Bitcoin smashes $124K as the crypto market remains in a bullish phase. Continued capital inflows and positive sentiment support the trend. Altcoins are well-positioned to benefit if current conditions persist.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
