Bitcoin continues to gain popularity and has reached a new all-time high, triggering an active response in the altcoin market.
Bitcoin Reaches New Record
Bitcoin has broken through the **$118,000** mark, reaching a new **all-time high** of **$118,616** before consolidating slightly around **$117,449**. This breakout was captured in the latest 1-hour TradingView charts. The breakout followed a textbook setup:
* Clear accumulation between **$109K–$110K**. * Clean moving average crossover (9 EMA & 21 EMA). * RSI hitting overbought but currently cooling down (at 59.70), suggesting **room for continuation**.
Altcoins React to Bitcoin Surge
Historically, altcoins lag behind Bitcoin rallies, but not this time. Over the past week, several major altcoins have significantly appreciated. Below are the **Top 5 altcoins** that surged this week:
### 1. MemeCore ($M) * **Price**: $0.6363 * **7-Day Gain**: **+972.91%** * **Market Cap**: $1B
MemeCore has become a surprise leader this week, nearly achieving a **10x gain in just 7 days**.
### 2. Stellar ($XLM) * **Price**: $0.3908 * **7-Day Gain**: **+64.86%** * **Market Cap**: $12.1B
Stellar shows explosive price movements, attracting institutional interest due to its efficient cross-border payment system.
### 3. Story Protocol ($IP) * **Price**: $4.19 * **7-Day Gain**: **+44.19%** * **Market Cap**: $1.2B
Story Protocol is gaining traction in the **creator economy**, linking intellectual property and digital storytelling.
### 4. Pudgy Penguins ($PENGU) * **Price**: $0.02163 * **7-Day Gain**: **+36.63%** * **Market Cap**: $1.35B
Pudgy Penguins continues to bridge the meme and metaverse realm with notable partnerships.
### 5. Polygon Ecosystem Token ($POL) * **Price**: $0.2306 * **7-Day Gain**: **+27.83%** * **Market Cap**: $2.4B
The new token $POL is evolving in response to rising demand for Ethereum L2 solutions.
Market Outlook for Cryptocurrencies
With Bitcoin firmly above its previous ATH and institutional demand still strong, the market is setting the stage for a **broad-based crypto rally**. While Bitcoin may be the main headline, these altcoins are quickly catching up this week.
Bitcoin and various altcoins are showing positive trends in the cryptocurrency market, indicating the potential onset of a new growth phase.
