Bitcoin Rockets Past $122K — What Lies Ahead for Ether, XRP, and Dogecoin?

Bitcoin Soars to Record $122K, Lifting Altcoins as U.S. “Crypto Week” Sparks Optimism

Bitcoin surged to a new all-time high of $122,000 on Monday, igniting a broad rally across the crypto markets. The momentum is being fueled by strong ETF inflows, a wave of short liquidations, and growing optimism about crypto-friendly policy developments coming out of Washington.

One trading desk summed up the bullish mood: “We could see Bitcoin test $130K–$150K by year-end if macro winds cooperate.”

Ethereum (ETH) pushed past $3,000, supported by $383 million in ETF inflows recorded on Friday. Other major tokens have also joined the surge:

XRP (XRP) is trading around $2.95, up an impressive 30% over the past week.
Solana’s SOL reclaimed the $167 level.
Dogecoin (DOGE) has soared over 20%, driven by retail enthusiasm and renewed memecoin buzz.

This move echoes previous cycles where Bitcoin rallies act as a liquidity release valve, fueling gains across the broader crypto market. Traders believe that if macroeconomic conditions stay steady and Bitcoin holds above $120,000, large-cap altcoins could see even more upside in the weeks ahead.

This week marks the start of “Crypto Week” in Congress, with hearings scheduled to position the U.S. as the potential “crypto capital of the world.” Traders are eyeing possible legislative catalysts that could sustain the bullish sentiment.

“Crypto prices benefited from a major melt-up, with BTC pushing into the high $118K range and triggering over $1 billion in short liquidations,” noted Augustine Fan, Head of Insights at SignalPlus, in a Telegram message.

Fan added, “Market sentiment should stay frothy into the summer unless there’s a complete breakdown in tariff negotiations. The ball is in the President’s court on how hard he wants to press his current strategy.”

Robust on-chain support around $109,000, combined with funds rotating from equities into crypto, is strengthening the bullish outlook. Eugene Cheung, CCO at OSL, commented, “The trend remains bullish. We could see Bitcoin test $130K–$150K by year-end if macro winds cooperate.”

Meanwhile, traditional markets stumbled early Monday. U.S. and European equity futures slipped after former President Trump announced a 30% tariff on imports from the European Union and Mexico, escalating trade tensions that have already shaken markets in Brazil, Algeria, and Canada.

S&P 500 futures fell 0.4%.
Europe’s Stoxx 600 futures dropped 0.6% in early trading.
Silver prices climbed toward levels last seen in 2011, suggesting broader investor interest in hard assets amid economic uncertainty.