Crypto Market Predictions: Key Altcoins Surge Amidst Bitcoin’s Record High

Last week saw bullish momentum surge in the crypto market, propelling Bitcoin to a new all-time high and leading altcoin prices to rise. Analysts attribute this rally to growing DeFi applications and institutional interest. Bitcoin (BTC) hit $125,708 on Sunday before easing back, yet bulls remain confident about continued gains. The rally was fueled by solid inflows into Bitcoin ETFs, with the second-best week in history. Several Wall Street banks anticipate a sustained rise for BTC to reach $133,000 by year’s end. The S&P 500 Index (SPX) has also been performing strongly, indicating the bulls remain firmly in control. The index is poised for further gains if it breaks and closes above the 20-day EMA, potentially aiming for a target of $7,000.