Bitcoin Could Reach New Highs Before Altcoins Gain Momentum, Suggests Coinstash Co-Founder

Key Points

1. Bitcoin's price surged to $123,100 on July 14, with its dominance dropping by 7.44%, a pattern historically observed during market cycles.

2. Altcoins, such as Ethereum, have shown significant gains, with Ethereum rising 20% over the last 30 days, indicating capital rotation and potential altcoin season.

3. BitMEX co-founder Arthur Hayes predicts Ethereum could surge to $10,000 by year-end, while Michael Saylor remains bullish on Bitcoin, envisioning it reaching $1 million.

4. Xapo Bank CEO Seamus Rocca warns of potential market corrections despite the current bullish sentiment.

5. Institutional interest in crypto continues to grow, with developments like 21Shares filing for an ONDO ETF and DigitalX increasing its Bitcoin holdings.