XRP, Ethereum, Solana, Dogecoin Surge 10% On Bitcoin’s $94,000 Push: How High Can They Go?
Bitcoin‘s (CRYPTO: BTC) climb to $94,250, up 6.5% during European trading hours on Wednesday, has ignited a rally across major altcoins, with Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP) and others posting double-digit gains.
This surge points toward a broader market shift, where altcoins are poised for significant upside, driven by institutional adoption, regulatory clarity, and ecosystem innovation.
Analysts suggest that Bitcoin’s sustained momentum could catalyze a breakout for alternative cryptocurrencies, potentially reshaping the market landscape in 2025.
What Happened: The crypto market is experiencing a pivotal moment. Bitcoin, which hit a high of $94,320 earlier today, is benefiting from robust ETF inflows, reflecting growing institutional confidence.
This capital influx is spilling over into altcoins, with Ethereum up 11% at $1,795, Solana up 10%, XRP up 9%, Dogecoin (CRYPTO: DOGE) up 12% and Cardano (CRYPTO: ADA) up 11%.
BNB (CRYPTO: BNB), tied to the Binance ecosystem, is also trending upward, fueled by deflationary tokenomics.
This synchronized rally suggests altcoins are no longer merely trailing Bitcoin but are carving distinct value propositions.
Ethereum’s performance is particularly compelling.
The network’s rising activity, coupled with the approval of spot Ethereum ETFs, has positioned it as a cornerstone of institutional portfolios.
The ETF approval has …
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