š Crypto Breaks $4 Trillion Barrier: Bitcoin & Ethereum Fuel Wall Streetās Digital Gold Rush
Institutional money floods crypto as giants Bitcoin and Ethereum smash through resistance levelsāproving even hedge funds can't resist FOMO.
The big players finally wake up
After years of sneering, traditional finance is now writing nine-figure checks to get exposure. Pension funds? Check. Asset managers? Double-check. That one skeptical CFO who called it 'rat poison'? Probably checking balances discreetly.
Why this isn't 2017
Unlike the last bull run, this surge comes with actual infrastructureāregulated custodians, ETF approvals, and shockingly, some tax clarity. The suits want in, but they need rails that don't smell like a Silk Road garage sale.
The cynical take
Nothing makes banks believe in decentralization faster than seeing clients wire millions to Coinbase. Suddenly every JPMorgan presentation has 'blockchain' sandwiched between AI and ESG buzzwords.
The dam's brokenāwhether old finance likes it or not.
Altcoin season incoming?
Ethereum's market dominance jumped from 9% to 11% while Bitcoin's share dropped 4 percentage points, signaling the start of "altcoin season," according to analysts as investors rotate into higher-risk assets.
"Institutional capital is finding its footing, with Ethereum's surge past $3,600 backed by a whopping $726m in single-day ETF inflows signalling systematic adoption," Sohan Sen, head of Structured Products at Mantle, told Decrypt.
"Beyond the charts, sustained value will premise on live activity at the infrastructure level," Sen said, pointing to Ethereum's role hosting over half of global stablecoin supply as validation that "programmable money is inevitable as table stakes in the future of finance."
Traders brace for consolidation
Bitcoin's climb to $120,336 comes after completing its strongest weekly performance since May, though analysts are watching for consolidation signals.
QCP Capital shared that the asset "took a brief pause after surging past the $120k mark, triggering profit-taking flows that began to cap the momentum."
āA pullback toward $110k, which marked the previous cycle high, may provide a more stable foundation for the current rally to consolidate," QCP analysts said in the firm's latest research note.
Meanwhile, on Myriad, a prediction markets platform developed by Decryptās parent company DASTAN, just 7.4% of users believe bitcoin will close above $122,000 by 11:59 p.m. UTC on Friday.
An overwhelming 94% majority have voted No, suggesting that traders are positioning for a near-term pullback or consolidation.