TL;DR
Bitcoin rockets past $124K, with projections eyeing $200K before year’s end.
Trump pivots U.S. policy—401(k)s can now hold crypto, unlocking retirement capital.
Altcoins ride the wave: ETH at $4,780, Solana & Polkadot gaining momentum.
Market faces volatility risk around Fed policy despite structural bullish tailwinds.
Bitcoin’s Relentless Push Higher
The king of crypto has obliterated resistance levels, setting multiple record highs and briefly touching $124,457 this week. Key drivers include:
- ETF flows: $3.6B+ poured in over the past month.
- Treasury adoption: Corporates & sovereigns now hold 3.64M BTC (~17% of supply).
- Bull case: Standard Chartered floats a $200K target by year-end.
⚠️ Watch the $118K support zone —a break could trigger a short-term correction before the next leg up.