- Bitcoin price has risen by over 3.65 percent in the last 24 hours
- Ether and Dogecoin are among the majority of popular crypto assets that have joined BTC in seeing gains
- Market analysts have advised caution to retail investors predicting a market correction
Bitcoin on Monday, touched the historic high of $122,000 after clocking an overall 12 percent surge over the last seven days. At the time of writing, BTC was trading at $122,099 on CoinMarketCap. Under its ongoing rally, the market cap of Bitcoin has exceeded $2.34 trillion – surpassing the valuation of Amazon ($2.39 trillion), Silver ($2.19 trillion), and Google ($2.19 trillion).
Industry analysts are largely attributing Bitcoin’s recent surge to two key factors: the evolving legislative landscape for cryptocurrencies, especially in the US, as well as the growing institutional adoption of digital assets like Bitcoin. Citing data by Blockware Intelligence, many media reports claim that by 2025 end, 35 more public companies would join the present 144 firms in adding BTC to their balance sheets, bringing the total tally to 176.
Buy, sell or hold?
Market analysts are sure that crypto investors need to be extremely cautious before taking any financial decision amid the ongoing market surge.
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“It seems that the market is overheated and is due for a correction,” Devika Mittal, the Regional Head at New York-based blockchain firm Ava Labs told CoinHeadlines. “Bitcoin ETFs contributed $1.03 billion of inflows in a single day so It’s important to note that the current rally is driven by large institutional funds and corporate treasuries.”
Mittal highlighted that retail investors should decide on buying or selling BTC based on a thorough analysis of their respective risk appetites. “Historical data shows that retail holders with a two-to-three year horizon have remained profitable in the crypto market,” she added.
Edul Patel, co-founder of the Mudrex crypto exchange, highlighted that while institutional interest in crypto is already booming, the sector hasn’t yet seen full participation from retail investors. He believes that once retail engagement fully ignites, it will drive Bitcoin’s price even higher.
“With more developments taking place slowly and steadily and the market seeing more participation, Bitcoin’s volatility is decreasing,” Patel said. “It is always a good time to enter the market rather than timing the market. Investors can always do this by making SIPs to reap the benefits of compounding in the long run.”
The week ahead – that is being referred to as the “Crypto Week” in the US – could prove to be extremely crucial for the overall digital assets sector. In the coming days, key bills like the Clarity Act, GENIUS Act, and Anti‑CBDC Surveillance Act are moving through the House Rules Committee, with a full vote on them expected soon. Once these rules are more defined, the institutional participation in crypto will likely grow.
Analysts suggest investors to see BTC as a store of value for long-term benefits and do their due diligence before deciding to buy or sell the asset under present market conditions.
Current state of market
Bitcoin’s rally is fuelling the price surges for most altcoins on Monday. Ether, for instance, rose by under one percent in the last 24 hours to trade at $3,024. Ripple, Tether, Binance Coin, Solana, USDC, Dogecoin, Tron, and Cardano are among popular tokens tailing BTC on profits.
The crypto market cap rose by 3.64 percent over the last day to claim the valuation of $3.81 trillion on Monday. The market dominance of BTC and ETH on the overall market stands at 63.8 percent and 9.6 percent respectively.
