Bitcoin Hits New All-Time High
Yesterday evening, the Bitcoin price reached a new absolute record of $112,000, before slightly retreating to settle at $111,000. This significant milestone was celebrated by Kyle Readhead, co-founder of Milk Road, who reassured investors by predicting a price of $150,000 in the coming weeks.
According to economist Timothy Peterson, this new all-time high was crucial for Bitcoin. Indeed, without this new progression, the market would have had to wait until October to see the price surpass its previous peak. Additionally, the crypto fear and greed index displays a value of 71/100, indicating strong investor appetite for risk.
According to data from Axel and Cryptoquant, long-term holders might begin selling during the next BTC rally. Currently sitting at 200% profit, they tend to sell their holdings when profits exceed 300%. Bitcoin could therefore reach up to $222,000 before the cycle ends.
The Wait Continues for Altcoins
Despite the hopes of many investors, the season favorable to altcoins (cryptocurrencies other than Bitcoin) is slow to arrive. CoinMarketCap’s Altcoin Season Index shows only a score of 26/100, indicating that Bitcoin‘s dominance persists in the market. Most other cryptocurrencies still struggle to find concrete use cases, hindering their adoption.
Nevertheless, these periods of difficulty can also present opportunities to seize. However, several experts warn that the altseason could be quite different from previous ones with only a handful of altcoins and memecoins managing to forge their path toward new heights.
As Murad points out, “only 6 cryptos from the top 100 are outperforming BTC in 2025 since the beginning of the year.” Only SPX6900 has managed to outperform Bitcoin across both 2024 and 2025. Meanwhile, 5 altcoins dominate the market in 2025: SYRUP, SKY, FORM, Monero and HYPE.
A Bull Market Driven by Institutional Investors
Analysts note that Bitcoin has managed to reverse the downward trend observed since late May. A key element of this turnaround is the sustained influx of institutional investors, with strong-performing Bitcoin ETFs and new companies regularly joining the market.
Although some predict a price reaching $150,000, like Kyle Readhead, Bitcoin’s growing adoption as a safe-haven asset strengthens its long-term position.
Moreover, the exceptional rise in Bitcoin and crypto-related stocks confirms this institutional trend.
