Crypto Markets Signal Structural Shift as Traders Set Sights on $130K Bitcoin

Dogecoin has posted a 23% gain over the past week, fueled by renewed retail interest on trading platforms like Robinhood and Binance. At the same time, XRP has seen a spike in volume on Korean exchanges, while Cardano, TRX, and AVAX are also trading firmly in positive territory.

Bitcoin’s surge to $120,000 has triggered a broad rally across the crypto market. Major assets such as Ethereum (ETH), Solana (SOL), XRP, and Dogecoin have all logged strong single-digit gains, signaling renewed investor optimism.

But this rally is different from past frenzies. According to analysts and market participants, price action is no longer just about momentum. The underlying structure of the market is evolving—shaped increasingly by institutional capital.

“This isn’t a speculative pump,” said Seamus Rocca, CEO of Xapo Bank. “It’s a steady, strategic climb supported by institutions with long-term horizons.”

Rocca emphasized that tighter monetary policies and ongoing geopolitical risks are strengthening Bitcoin’s position as a macroeconomic hedge. “What we’re witnessing is not just growth in value, but the emergence of Bitcoin as a credible financial asset class,” he added.

Ethereum has also benefited from this wave of capital, gaining more than 17% this week and briefly breaking above $3,000. According to a note from Bitcoin yield platform TeraHash, corporate treasury allocations of BTC outpaced spot ETF inflows in Q2.

“This reflects intentional positioning,” TeraHash stated. “Simultaneously, firms like Anchorage and Fidelity are expanding institutional access, while OTC desks are tightening spreads—signs of a more mature market.”

Solana has rallied over 11% this week, trading near $163, buoyed by demand from retail investors and the memecoin community. Often viewed as a high-beta asset, Solana has become a key indicator of speculative appetite.

XRP has jumped 25%, driven by a combination of technical momentum and hopes for regulatory clarity.

“Price movement may dominate headlines,” TeraHash noted, “but the real transformation this summer is structural.”

Altcoin gains are widespread. Dogecoin’s strong weekly rally highlights increased participation from retail traders, while XRP’s volume remains elevated on Asian platforms. Cardano, TRX, and AVAX are also seeing consistent buying pressure.

Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, commented that Bitcoin-led rallies often spill over into altcoins with a slight delay. “And given current conditions, a revival of meme coins could easily be back on the table,” he added.

Still, some caution remains.

“Even though Bitcoin briefly touched a major milestone, it hasn’t yet cleared a key resistance area,” said Ruslan Lienkha, Chief of Markets at YouHodler. “If a clean breakout occurs and is sustained, we could be looking at a move toward the $130,000 zone.”