Bitcoin Hits $124K, Ethereum Rallies – Is This the Start of a New Crypto Cycle? (yasscrypto Opinion)

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Bitcoin Hits $124K, Ethereum Rallies – Is This the Start of a New Crypto Cycle? (yasscrypto Opinion)


Bitcoin coins on laptop keyboard with green and red candlestick chart – Bitcoin price hits all-time high on U.S. spot ETF inflows


Bitcoin has just smashed through the $124,000 all-time high for the first time in history, fueled by massive ETF inflows and optimism about potential U.S. interest rate cuts. But the rally didn’t stop there—Ethereum and the broader altcoin market are showing signs of life not seen in years. Could this be the start of a new crypto cycle, or just another short-lived hype?

This Bitcoin price analysis comes as U.S. investors are increasingly searching for terms like “Bitcoin ETF,” “Ethereum price today,” and “best altcoins to buy now”—all hitting multi-year highs on Google Trends. In the current Crypto market environment, both BTC news and ETH news are dominating headlines, drawing fresh retail and institutional capital into the cryptocurrency market. For traders focused on crypto trading in the U.S., this is one of the most critical moments since the 2021 bull run

At yasscrypto, we’ve been watching these moves closely, comparing them to past market cycles and analyzing both the fundamentals and the sentiment driving them. This article will break down what’s happening, why it matters, and how investors can position themselves in this rapidly changing market.


Bitcoin Breaks $124K – A Historic Milestone

The surge past $124,000 marks a new chapter for Bitcoin. Just two years ago, BTC struggled to hold above $30K during a prolonged bear market. Now, institutional adoption—driven by spot Bitcoin ETFs—has injected unprecedented liquidity.

According to Bloomberg, the recent wave of ETF inflows is one of the strongest since their approval, signaling a shift in Wall Street’s stance on crypto. Many traditional investors who once dismissed BTC as “digital gold” are now allocating serious capital.

However, this euphoria didn’t last long. Within 48 hours of hitting the ATH, Bitcoin retraced to around $119K, triggered by over $1 billion in leveraged position liquidations. While this shook out weak hands, it also set up a potentially healthier price structure for the next move.


Ethereum’s Turn – A Silent Comeback

While Bitcoin stole the headlines, Ethereum quietly rallied, pushing past key resistance levels and sparking renewed interest from retail and institutional investors alike.

Google Trends data shows that searches for “Ethereum price” and “buy Ethereum” in the U.S. hit their highest levels since 2021. On Reddit’s r/cryptocurrency (discussion thread here), traders are debating whether ETH’s strong performance is a sign that the long-awaited “alt season” is finally beginning.

From a fundamental perspective, Ethereum’s recent Layer 2 scaling improvements and the growing adoption of ETH-based DeFi platforms are adding fuel to the fire.


Historical Parallels – Bitcoin First, Altcoins Follow

In past bull markets (2017, 2021), Bitcoin typically leads the rally, pulling the rest of the market up in its wake. Once BTC consolidates, capital often rotates into Ethereum and mid-cap altcoins, triggering explosive gains.

For example:

  • In 2017, BTC peaked in December, and ETH reached its ATH a month later.

  • In 2021, ETH outperformed BTC in the second half of the bull run, delivering higher percentage gains.

If history repeats itself, we could be entering the rotation phase, where Bitcoin cools off slightly and altcoins begin a strong rally.


Market Impact – What This Means for Crypto Investors

  1. Institutional Confidence – ETF flows are a long-term bullish indicator for Bitcoin’s price stability.

  2. Retail FOMO – Search trends suggest retail investors are coming back, which often leads to parabolic moves.

  3. ETH’s Narrative Strength – Ethereum’s staking yields, network upgrades, and DeFi dominance could push it past $5,000 in this cycle.

  4. Altcoin Opportunities – Once ETH breaks out, coins like SOL, XRP, and meme coins with strong communities may follow.

  5. Stacks of gold Bitcoin and Ethereum coins in front of digital price chart – crypto market volatility after new Bitcoin all-time high


yasscrypto Opinion – How We’re Playing This

While the excitement is justified, chasing green candles is one of the easiest ways to lose money in crypto. Our strategy at yasscrypto is:

  • Accumulating BTC on dips near $115K–$118K.

  • Increasing ETH exposure before a potential breakout above $4K.

  • Allocating 15% of the portfolio to promising altcoins (especially those with upcoming catalysts).

We also believe this could be the first true institutional-led bull market, which might mean higher highs—but also sharper corrections along the way.


Expert Insights

“Institutional adoption via ETFs is not just a liquidity boost—it’s a psychological shift. Bitcoin is becoming part of the traditional portfolio mix.” – Bloomberg Analyst

“Ethereum is entering a unique phase where it benefits both from Bitcoin’s halo effect and its own technological growth.” – Reddit user CryptoMacroNerd

 

Internal Links – More From yasscrypto

Deeper Dive: Flows, On-Chain Signals, and What to Watch Next

ETF flows: For BTC, watch whether cumulative net inflows continue to make higher highs. A flattening 5–10 day moving average of net flow has historically preceded consolidations. For ETH, keep an eye on whether fund inflows persist even on red days—sticky demand is a tell that institutions are building strategic positions rather than chasing momentum.

On-chain: Rising stablecoin supply typically precedes risk-taking. Exchange balances trending lower imply reduced sell pressure, while realized profit metrics help identify overheated conditions. If you see exchange inflows spike while price stalls, expect a shakeout.

Market microstructure: Funding that stays positive but moderate is healthy; extreme positive funding often signals late-stage leverage. Open interest should expand with price; if OI collapses after a drawdown and price holds higher lows, it’s often a bullish reset.


Actionable checklist:

  1. Map supports and resistances on the daily chart.

  2. Build a DCA schedule for BTC and ETH.

  3. For altcoins, demand catalysts—mainnet launches, token unlock schedules, or revenue growth.

  4. Keep a written risk plan with max drawdown per position.

  5. Review weekly—don’t overtrade intraday noise.

For a curated list of opportunities, check:

Conclusion

The crypto market is buzzing with energy. Bitcoin’s historic $124K milestone and Ethereum’s resurgence could mark the beginning of a powerful new cycle. Whether you’re a seasoned trader or a newcomer, this is a time to pay attention—but also to move strategically.


Sources:


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