Bitcoin has surged to a new all-time high of $122,000, igniting a major upswing in the cryptocurrency market. Ether (ETH) has followed suit, surpassing $3,000 with substantial ETF inflows while XRP and Solana are also seeing significant gains. Enhanced market sentiment is attributed to U.S. legislative developments and macroeconomic conditions, fueling expectations for further price increases. Key players expect that if Bitcoin stabilizes above $120,000, further upward momentum in altcoins like ETH, XRP, and Dogecoin could follow, supported by strong on-chain data and liquidations of short positions. Traders are closely watching ongoing congressional hearings meant to promote the U.S. as a global crypto hub amid economic uncertainties, including escalating trade tensions. Although market reactions to upcoming inflation data are anticipated to remain non-volatile, the overall sentiment suggests a bullish market trend for the summer.

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