Bitcoin’s price exceeded $123,000, setting a new all-time high, while Ethereum’s price bounced back to $3,400. This resurgence has sparked discussions about a potential long-awaited altcoin bullish period, with global markets watching closely.
Unprecedented Crypto Price Movement
The previous week marked a pivotal moment, forecasting the inevitable rise in volatility. An array of factors lie behind this significant development in the crypto world, one of which includes ongoing tariff discussions. Despite delays in tariff negotiations pushing decisions to August 1, markets have seemingly shifted focus away from these concerns.
Amid tariff-related tension, US President Trump’s corresponding letters have not deterred the crypto realm, suggesting a possible extension on tariff debates and a lack of impact from European Union tariffs displayed in market graphs.
Impact of the Crypto Legislation
Further developments include upcoming crypto legislation approved by the Senate, awaiting President Trump’s signature. This legislation promises to formally recognize stablecoins, significantly influencing the DeFi ecosystem and contributing to Ethereum’s rapid price increase.
With two primary factors at play – market indifference to tariff discussions and impending crypto laws – experts suggest that a well-founded growth period is underway, signaled by substantial institutional crypto investments.
Recent ETF activity revealed a $726 million inflow into Ether ETFs and a $780 million inflow into Bitcoin 
$91,081 ETFs, highlighting substantial interest. The synchrony of several factors, including US debt ceiling increases and tax legislation approval, suggests a possibly prolonged upward trend.
Cryptocurrency growth constitutes more than a normal rise, with the US dollar depreciating by 11% over six months, while cryptocurrencies gained $1 trillion in value over three months. This surge began flourishing after the US House of Representatives approved the “Big Beautiful Law” on July 3.
Renewed Focus on Altcoins
Investors are increasingly drawn to Bitcoin as a viable alternative asset, while institutions like family offices and hedge funds factor BTC into their portfolios – typically allocating about 1% of total assets.
As Bitcoin hovers at $118,000, attention turns to its performance compared to Ethereum 
$3,094. The ETHBTC pair reclaimed the 0.027 threshold after 140 days, signalling a reversal of a near 1,100-day downtrend. For an altcoin bull run, ETH’s strength is pivotal in guiding BTC dominance and capital allocation to altcoins.
Prospects remain for altcoin investors, who now prefer Ethereum’s potential to reach new highs over Bitcoin, amid ambitions for higher returns with smaller altcoins. Bitcoin must maintain strong support above $115,500 to sustain this momentum.
Prospects for Cryptocurrencies
The future looks promising for altcoin investors, as crypto markets ready themselves for emerging opportunities presented by GENIUS. Notably, legislation hindering yield-offering stablecoins boosts capital inflow to Ethereum yield protocols.
DeFi continues to stand out, fueled by the cessation of regulatory pressures with Trump’s tenure, as an alternative for yield-seeking stablecoins. Such trends attract substantial investors to DeFi, consolidating its position within the crypto market.
Aside from that, Ethereum-based projects signify the first stages of a trillion-dollar emerging market. Recent ETH ETF inflows nearly mirror Bitcoin’s, with strategic investments poised for future gains.
Altogether, these developments highlight profound potential for cryptocurrencies, as we anticipate Ethereum’s continued advances to catalyze the broader altcoin bull market.
