Bitcoin has surged back above $118,000 following a minor dip last night, indicating that the bull market might be gaining momentum. This resurgence has positively affected several major cryptocurrencies like Ethereum, Hyperliquid, XRP, and Solana, all of which are experiencing notable gains.

This recovery arrives amid increasing institutional interest and overall positive market sentiment. Investment inflows into cryptocurrency are on the rise, benefitting altcoins such as Ethereum and Solana. Furthermore, regulatory advancements, like upcoming U.S. cryptocurrency legislation, are aiding the overall bullish market trajectory.

Bitcoin is at the forefront of this movement, with analysts now observing the $120,000 mark as the next key resistance level. Some predict a significant rally if this threshold is surpassed.

“Capital is flowing from Bitcoin into altcoins and meme coins. Solana, XRP, and Ethereum are major winners as Bitcoin’s market dominance diminishes.”
— Keshav Maheshwari (@withkeshav) July 22, 2025

Ethereum, the second-largest cryptocurrency, is trading near $3,700. It has demonstrated resilience, bolstered by strong inflows toward ETFs and increasing adoption within DeFi platforms. Market analysts are optimistic about its potential to reach new all-time highs in the approaching months.

Prominent altcoins, including Solana, XRP, and HYPE, have emerged as significant contenders. The introduction of new ETFs, XRP’s resolution of legal challenges, and Hyperliquid’s innovative decentralized trading strategy have propelled these altcoins with tangible utility.

The cryptocurrency market is exhibiting resilience, with Bitcoin and other major altcoins recovering from recent declines. Let’s see what the day ahead holds for these assets.

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