The rally seems to be never-ending for Bitcoin, as the digital asset has hit another all-time high on Sunday. According to CoinMarketCap data, BTC briefly surpassed $122,000, setting a new all-time high and breaking the previous record of $119,376 set a few hours prior. It is currently trading at $122,242, with a 3.67% gain on the day.
The historic movement has sent shockwaves across the entire crypto market, with Ethereum and other major tokens riding on the same momentum. ETH broke the psychological level of $3,000 on Friday and has maintained momentum ever since. Meanwhile, ALGO and PENGU have performed wonderfully in 24 hours, recording 17.63% and 25.56% gains. Could Bitcoin be set for $130,000 soon?
Bitcoin Breaks More All-Time Highs
Bitcoin’s momentum isn’t slowing down anytime soon. In less than a week, the top digital asset has broken more all-time highs than it’s ever recorded in a long while. Experts think that Trump’s pro-crypto policies and stronger institutional demand for BTC by leading companies are responsible for the momentum.
Crypto-backed corporate treasury has risen dramatically in 2025. Many companies are adding crypto, such as Bitcoin and Ethereum, to their balance sheets as part of their diversification strategy and hedge against depleting fiat. Metaplanet CEO Simon Gerovich recently revealed on X that the company purchased an additional 797 BTC for an estimated $93 million. With its latest acquisition, the company now holds a total of 16,353 BTC.
Meanwhile, a Coinglass data reveals that a total of 109,770 traders were liquidated globally in the last 24 hours. Total liquidations have reportedly hit $509 million. The largest single liquidation occurred on HTX’s BTC-USDT pair, worth $92.51 million. In the past hour alone, liquidation volume reached $238 million.
ETH Reclaims $3000: Is $4000 On the Horizon?
Ethereum soared to its highest level in nearly five months on the back of Bitcoin’s incredible rally, a well-known relationship in the crypto market. When Bitcoin experiences a surge like this, Ethereum gets the ripple effect. ETH’s recent performance suggests that a bull run is building.
While Bitcoin’s all-time high has breathed fresh air into the general crypto market, ETH’s surge is driven by ETF inflows and the tokenization narrative. BlackRock’s ETHA spot ETFs recorded $623 million in net inflows last week—others like Fidelity’s FETH and VanEck’s ETHV record massive inflows as well.
Many companies and financial institutions are betting on ETH’s future as a critical asset in tokenization. As more companies tokenize their assets on a Blockchain and Institutional demand for ETH continues to rise, Ethereum could see another breakout soon. All eyes are on ETH.
What’s Next for Bitcoin and Ethereum?
For both digital assets, the momentum is on. More BTC-backed treasuries and renewed institutional demand could maintain Bitcoin’s upward momentum. Still, experts like Joe DiPasquale warn about sharp pullbacks triggered by macroeconomic factors.
For instance, Trump shocked the EU and Mexico by slapping 30% tariffs on all goods from the regions on Saturday. This comes after the EU had spent months negotiating on new tariffs that would be beneficial to both parties. Typically, news like this would have affected Bitcoin’s momentum, just as it did in April. However, Bitcoin seems to be unbothered and has taken the news quite well.
Despite Ethereum’s impressive rally, the digital asset is still around 38% down from its all-time high of $4,878, set in November 2021. If it keeps up with the momentum, ETH could see a climb to $4,000 again. Experts believe ETF inflows, on-chain utility growth, and corporate interest in treasury allocations that include ETH could strengthen the narrative around the digital assets.
