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The cryptocurrency market extended its recovery this week, although momentum was noticeably weaker than during the previous surge. Bitcoin is trading near 79,600.00–80,000.00, Ethereum remains around 2,500.00, BNB is holding close to 706.00–710.00, while XRP has pulled back towards 1.42. Tether remains stable near 1.0000.
Ethereum Trading Volume Surpasses Bitcoin for the First Time in Months
Altcoin Liquidations Surpass $1B as Retail Traders Take Profits — Crypto Market Sees First Correction in a Month
As the crypto market navigates a sharp correction—total capitalization fell nearly 7% in the past 24 hours, largely driven by outflows from bitcoin ETFs—savvy market observers are spotting a strategic shift beneath the surface turbulence. While Bitcoin remains locked in a sideways trend, large investors ("crypto whales") are capitalizing on the altcoin pullback rather than engaging in panic selling. Their accumulation of undervalued projects highlights where smart money is positioning for the next phase of growth.
Why Bitcoin Could Face a Short-Term Correction — Community Analysts Warn of Potential Drop
The debate over Ethereum’s ultimate peak in the current crypto bull run is intensifying, with the community actively sharing forecasts following a poll by analyst Lark Davis on X. As the market pushes deeper into new territory, investors are seeking consensus on just how far ETH could climb before this rally ends.
The cryptocurrency market came under heavy selling pressure on Wednesday, with nearly all major altcoins posting significant declines. Ethereum fell 4% in 24 hours, trading near $3,565, while XRP saw an even steeper drop of 12.7%, reaching $3.05. Binance Coin (BNB) lost 5.3% and Solana shed 9.5%. Meanwhile, Bitcoin proved relatively resilient, dipping just 0.6% and holding near $117,868 despite the sharp correction among altcoins.
The Ethereum market is heating up, with Fundstrat’s Tom Lee projecting an ETH price target of $15,000 in the medium term—on the back of a model built by Fundstrat’s digital asset strategist Sean Farrell. Lee, who also chairs Bitmine Immersion Technologies, expects Ethereum to reach $4,000 in the short term and considers the $10,000–$15,000 range a realistic goal for the end of this year—if not sooner.
The digital asset market is entering a fresh phase of capital rotation, as Ethereum (ETH), XRP, and Solana (SOL) outperform Bitcoin (BTC) and catalyze what analysts are now calling the early stages of a new “altseason.” Over the past week, these top altcoins have posted gains in excess of 20%, while Bitcoin has traded largely sideways. As a result, Bitcoin dominance has dropped from its recent cycle high of 66% down to 59%, historically signaling the onset of a broad-based rally in alternative layer-1 tokens.
The BTC/USD pair demonstrated mixed dynamics last week: initially, bitcoin surged to new all-time highs near 123,200.00, fueled by aggressive tariff hikes by the White House targeting major trade partners such as the EU and Mexico, as well as growing concerns over US government debt, which hit a new ceiling after President Donald Trump signed the One Big Beautiful Bill Act, raising the federal limit by $5T.
Well-known technical analyst Peter Brandt has declared the start of “altseason,” highlighting a classic bullish “cup and handle” formation on the total crypto market cap (excluding Bitcoin). This technical pattern, often signaling trend continuation after a consolidation phase, suggests that a broader altcoin rally could be underway.
As the crypto market heats up this summer, a handful of altcoins are drawing increased attention from both analysts and savvy investors.
Last week, Bitcoin (BTC) reaffirmed its dominance as the flagship asset of the digital era, notching a fresh all-time high at $123,218 before stabilizing around $118,000 by Friday. A perfect storm of institutional buying, historic spot ETF inflows, and robust support from major corporate treasuries propelled BTC’s ascent — marking its transformation into true “digital gold.” What’s more, a trio of landmark crypto bills passed by the US Congress (GENIUS, CLARITY, and Anti-CBDC) now await President Trump’s signature, setting the stage for the next chapter in American crypto regulation.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.