Bitcoin Surpasses $118K as Cardano’s Hoskinson Foresees Potential Trillions in Altcoin Investments
2025-07-12 02:25:03
Main Idea
Bitcoin's price surpassed $118,000, marking a historic high, while altcoins like Cardano, Ethereum, and XRP also surged. Regulatory developments and institutional interest are driving market optimism.
Key Points
1. Bitcoin reached a record high of $118,195, with its market dominance exceeding 62% of the total crypto market cap of $3.75 trillion.
2. Altcoins such as Cardano (ADA), Ethereum (ETH), and XRP saw significant gains of 13%, 8.5%, and 7.1% respectively in 24 hours.
3. The GENIUS and CLARITY Acts in the U.S. aim to provide regulatory clarity for stablecoins and crypto markets, boosting investor confidence.
4. Charles Hoskinson predicts Bitcoin could reach $250,000 by early 2026, driven by technological advancements and regulatory progress.
5. Short liquidations and institutional interest further fueled the bullish market sentiment.
Description
Bitcoin has surged past the $118,000 mark, signaling a significant milestone in the cryptocurrency market amid growing optimism fueled by new legislative developments and bullish forecasts. Cardano’s founder, Charles Hoskinson,
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