Bitcoin once again leads the cryptocurrency market, reaching a new all-time high of $123,000. As investors watch the developments with caution, experts are questioning whether altcoins will follow.
Bitcoin Sets New Record
Thanks to bullish momentum, Bitcoin has recorded a 15.9% gain from June 23 to July 15, rising from $107,000 to $123,000. This is the biggest breakout of Q3 2025.
Altseason or Short Window?
Analyst VirtualBacon noted that this event may not indicate a full-blown altseason but rather a short 'altcoin rotation window'. Historically, altcoins tend to rally for 3-5 weeks after major Bitcoin breakouts.
Altcoins to Watch
VirtualBacon highlighted several altcoins with growth potential, such as BNB, LINK, ADA, TRX, and DOGE. The Solana ecosystem tokens are particularly promising.
While Bitcoin continues to set new records, the fate of altcoins remains uncertain. The coming weeks will reveal if this is a sign of an altseason or a temporary wave.
