Crypto Market Rally: Bitcoin Targets $120K, Ethereum Dominates Wall Street, Dogecoin Surges
Brief news summary
The cryptocurrency market saw an extraordinary week as Bitcoin (BTC) surged close to $120,000, triggering a broad rally among altcoins. Dogecoin (DOGE), the original memecoin, gained notable momentum alongside Bitcoin’s new all-time high surpassing $118,000. Meanwhile, crypto exchanges are increasingly partnering with neobanks to bridge traditional finance and crypto, seeking greater influence in mainstream financial sectors. Ethereum (ETH) is cementing its role as Wall Street’s preferred blockchain for tokenized finance, outperforming rivals like Solana in institutional adoption. Adding optimism, macro strategist Raoul Pal predicted an “insane” rise in blockchain demand, forecasting cryptocurrencies could become a $100 trillion asset class within six to eight years. These developments underline growing institutional interest and stronger integration between traditional finance and the crypto ecosystem, indicating robust momentum for digital assets ahead.The week proved to be a rollercoaster for the cryptocurrency market. Bitcoin (BTC) led the charge, setting sights on an astonishing $120, 000 milestone, which in turn paved the way for altcoins to join the rally. Dogecoin (DOGE), the pioneering memecoin, also saw a notable upswing, buoyed by Bitcoin's momentum. At the same time, crypto exchanges are targeting neobanks, aiming to close the gap between traditional finance and crypto sectors. Ethereum (ETH) remains dominant in the tokenized finance arena, solidifying its position as Wall Street’s preferred blockchain platform.
Additionally, macro strategist Raoul Pal made a bold forecast about the blockchain space’s future. Bitcoin, Ethereum, XRP, Dogecoin Extend Rally Over the weekend, the cryptocurrency market experienced a substantial uptick, led by Bitcoin’s push toward $120, 000. This upward momentum cleared the way for altcoins to rally strongly. Read the full article here. Dogecoin Soars Amid Bitcoin-Driven Memecoin Frenzy Dogecoin gained significantly as speculative excitement swept the crypto market, mirroring Bitcoin’s surge to a new all-time high exceeding $118, 000. Read the full article here. See Also: Mango Market Hacker Loses Millions After Curve Price Manipulation Attempt on Aave Fails – Benzinga Crypto Exchanges Set Sights on Neobanks to Access Mainstream Finance Crypto exchanges are seeking to acquire neobanks to accelerate their dominance in emerging on-chain sectors. This trend is expected to continue as blockchain firms explore opportunities within traditional financial systems. Read the full article here. Ethereum, Not Solana, Emerges as Wall Street’s ‘Preferred Choice’ Ethereum’s stronghold in tokenized finance shows no decline. According to Fundstrat’s Tom Lee, Ethereum has become the blockchain infrastructure favored by Wall Street, surpassing Solana in crucial institutional applications. Read the full article here. Raoul Pal Foresees ‘Insane’ Blockchain Demand Macro strategist Raoul Pal predicts a staggering surge in blockchain demand, anticipating the cryptocurrency market to evolve into a $100 trillion asset class within the next 6 to 8 years. Read the full article here. Read Next: FC Barcelona Raises $132M War Chest for Web3 Initiative This story was generated using Benzinga Neuro and edited by Rounak Jain Photo courtesy: Shutterstock
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Crypto Market Rally: Bitcoin Targets $120K, Ethereum Dominates Wall Street, Dogecoin Surges
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