Ethereum jumps nearly 9%, Dogecoin up 7%, and Solana rallies 5.6%—Analysts eye BTC consolidation before next $120K test as altcoin momentum accelerates.
🔍 Market Snapshot: Bitcoin Steady, Altcoins Steal the Spotlight
Bitcoin (BTC) continued to show resilience, trading above the crucial $118,000 mark on Thursday. As of 1:55 PM IST, BTC was up 0.1% at $118,246, signaling consolidation amid recent profit-taking activity.
While Bitcoin held ground, altcoins led the rally—with Ethereum (ETH) surging 8.8% to $3,441, marking a significant uptick and reinforcing bullish sentiment across the crypto landscape.
📈 Major Altcoin Gainers Today
Several major altcoins posted strong gains, reflecting a rotational flow of capital from Bitcoin into the alt market:
- Ethereum (ETH): +8.8% ($3,441)
- Solana (SOL): +5.6%
- Dogecoin (DOGE): +7%
- BNB: +4%
- Shiba Inu (SHIB): +5.2%
- Chainlink, Tron, Avalanche, Stellar: Gained between 1% and 4%
💬 Analyst Insights: Altcoin Momentum Rising
“Altcoins are gaining momentum, with Ethereum breaching the key $3,300 level. XRP, BNB, and Solana have advanced 4–5%, suggesting a seasonal shift from Bitcoin to altcoins,” said Vikram Subburaj, CEO of Giottus.
He further added that Bitcoin remains rangebound below $120,000 amid aggressive profit booking, but long-term support between $116,000 and $118,000 shows conviction among BTC holders.
🔍 On-Chain Data Signals Healthy Profit-Taking
According to blockchain data analytics, realized profits from Bitcoin transfers to exchanges hit a record $9.3 billion, indicating intensified selling pressure near resistance zones.
However, analysts describe this as a healthy consolidation, not a bearish reversal.
🚀 Rising Stars: Memecoins & Mid-Caps Shine
The CoinDCX research team noted continued strength in Ethereum and broadening investor interest beyond Bitcoin.
Top performing tokens in the last 24 hours include:
- FLOKI: +26%
- Curve DAO (CRV): +16.2%
- BONK: +14.6%
🇺🇸 Regulatory Tailwinds Boost Optimism
Shivam Thakral, CEO of BuyUcoin, attributed BTC’s resilience to growing regulatory clarity in the US, particularly around President Trump’s support for the Genius Act, which introduces a stablecoin regulatory framework.
📊 Medium-Term Outlook: Analysts Maintain Bullish Stance
Srinivas L, CEO of 9Point Capital, expressed confidence in Bitcoin’s trajectory:
“As BTC consolidates near highs, we maintain our bullish view with a medium-term target of $127K intact,” he said, citing ETF inflows and macroeconomic support.
🔄 What’s Next? BTC Eyes $120K Reclaim, Ethereum Fuels Alt Surge
- Bitcoin dominance is weakening, suggesting a broader altcoin season may be underway.
- Traders are closely watching BTC’s next move—a successful breakout above $120,000 could set the stage for another major rally.
- Meanwhile, Ethereum’s breakout, combined with memecoin momentum, reflects renewed retail interest.
