Bitcoin has once again set a record, rising above $118,000. This event has generated positive expectations in the cryptocurrency market.
Bitcoin Sets New Records
This week, Bitcoin rose by 9%, reaching a new high of over $118,000. Such growth has inspired many investors, including NBA legend Scottie Pippen, who made a bold statement on X: "SEND EVERYTHING HIGHER." Pippen mentioned not only Bitcoin but also other major altcoins, eliciting positive responses from the crypto community.
Positive Trends in Altcoin Market
The broader cryptocurrency market is benefiting from Bitcoin's rise. Altcoins like Ethereum, Solana, and Shiba Inu are showing significant gains. Ethereum is nearing $3,000 amid strong ETF inflows, while Solana has reclaimed $160, eyeing $200. Analysts view this as a broader market shift, with Bitcoin leading the charge.
Expert Forecasts on Market Future
Numerous predictions suggest new all-time highs may be reached in the second half of the year, fueled by rising corporate Bitcoin purchases and progress on U.S. crypto legislation. The former CEO of Binance urged followers not to panic if they missed the chance to buy Bitcoin at lower prices, pointing to its fixed supply of 21 million coins. Meanwhile, Cardano founder Charles Hoskinson predicts Bitcoin may soar to $250,000, though Bitcoin critic Peter Schiff counsels selling Bitcoin in favor of silver.
The growing optimism in the cryptocurrency market, triggered by Bitcoin's records, reveals a diversity of opinions regarding the future. Investors continue to wait and watch for further trends.
