Bitcoin’s record-breaking move has lit up the entire market, with Cardano at the forefront. ADA has jumped over 16% in the past 24 hours, while Solana has climbed more than 6% to reclaim the $200 mark. Overall, the total crypto market capitalization is up nearly 3%. The latest momentum in Cardano was sparked by news that Grayscale has filed for an ADA-based ETF.
The Altcoin Season Index has surged to nearly 50 points, signaling a shift in investor appetite toward higher-risk plays, with a focus on small- to mid-cap cryptocurrencies. Ethereum has been outperforming Bitcoin, adding weight to the idea that altcoins are in a strong phase. Meanwhile, the Fear & Greed Index remains under 75 — firmly in “Greed” territory, but not yet overheated.
Optimism around potential U.S. interest rate cuts and positive regulatory signals are fueling the rally. The Federal Reserve has hinted that rate reductions could be on the table for the second half of the year, a move that would boost market liquidity — typically a bullish driver for risk assets like Bitcoin.
Spot ETFs for Bitcoin and Ethereum continue to see robust inflows, with major players like BlackRock and Fidelity increasing their positions. The pipeline for new products is also growing, with potential ETFs for Solana and Ripple on the horizon. These products could open the door for traditional finance investors to gain simple, regulated exposure to these digital assets for the first time.
Previously, FORECK.INFO reported on the growing wave of institutional accumulation in Bitcoin — even during periods of price volatility. With fresh inflows into spot ETFs and an expanding role for BTC in corporate treasuries, the trend now looks even stronger, reinforcing Bitcoin’s position as a long-term conviction asset for major investors.