Bitcoin has achieved a new all-time high, reaching $124,128, updated from last month's record. Ethereum also demonstrated strength, rising to over $4,780 during significant ETF inflows. The price surge has been buoyed by consistent institutional demand, particularly through ETFs, and positive macroeconomic indicators suggesting a Fed rate cut is on the horizon. Notably, Bitcoin's market dominance has dropped to 59%, indicating potential growth for Ethereum and altcoins as traders seem to be favoring these assets in the current bull market. Analysts point to a strong sentiment within the market, with traders adjusting strategies to focus on BTC and ETH dominance while remaining cautious about altcoin investments. Key figures in the industry, including traders and analytics accounts, emphasize the market's volatile nature and the need for strategic positioning amidst so many assets rallying simultaneously. The recent price movements have ignited discussions around potential risks and opportunities as the crypto markets remain bullish and engaged.

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