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Today marks an exciting moment in the world of crypto and bitcoin, with significant price movements and promising developments on the horizon. As an avid follower and investor, I want to share some key insights on what just happened with Bitcoin, what to expect tomorrow, and the two altcoins I’m closely watching as we potentially enter the much-anticipated altcoin season.
Bitcoin's Recent Surge and What’s Next
Bitcoin made headlines today by soaring up to an incredible $122,000, hitting a new all-time high before pulling back slightly. This rapid rise wasn’t unexpected—I had mentioned earlier that a pullback to around $120,000 was likely due to some liquidation walls at that level. Market makers often shake things up, liquidating longs or shorts without bias, and this quick rebound was a typical move for them.
Given the sharp upward movement over the last few days, including through the weekend, a bit of profit-taking was inevitable. Some of those profits have flowed into altcoins, which have been holding strong and even thriving. Currently, Bitcoin remains solidly in good shape, hovering around the $196 mark as I write this.
Looking ahead, tomorrow is shaping up to be a big day for the market with a major catalyst arriving right at market open: the Consumer Price Index (CPI) inflation report. The expectation is for inflation to rise by 0.2% for both headline and core metrics. If the report meets expectations, it will be seen as decent—neither good nor bad. But if inflation comes in just under 0.1%, that could be a huge positive catalyst for the market.
Many investors are nervous about rising inflation due to tariffs, but any sign that inflation is stabilizing or that interest rate cuts might be on the horizon would be tremendous news. Additionally, with the potential transition away from Proof of Work (PoW) in Bitcoin mining, the market could see an extra boost. I’ll be streaming live at market open to analyze the impact of the CPI report as it unfolds.
Bitcoin’s Price Movement: From Speculation to Steady Growth
Unlike previous cycles, where Bitcoin’s price was driven by speculation and hype, this cycle feels different. The buying is steady and relentless. Every morning, I track the endless buying activity, showing how this cycle is less about speculation and more about solid accumulation.
Bitcoin’s upward trajectory aligns with the growing M2 money supply—essentially, as more money is printed and inflation rises, Bitcoin benefits as a hedge asset. This is why Bitcoin has risen to become the fifth largest asset globally. Key metrics and charts support the view that Bitcoin is on a clear path upward, with the next target somewhere between $130,000 and $150,000.
Interestingly, Asian markets have been buying aggressively overnight, which is a shift from previous months when Asia often sold off as the day progressed. This new trend could signal a more sustained global buying interest in Bitcoin.
Two Altcoins I’m Watching Closely
While Bitcoin dominates the headlines, I’ve got my eyes on two altcoins that are showing strong potential and momentum. These aren’t new picks but ones I've been following and investing in steadily.
1. Sooie: The Mini Solana of This Cycle
Sooie had a fantastic start to the year but faced some setbacks during the broader altcoin downtrend triggered by tariff concerns. However, over the past week, Sooie has bounced back impressively. The ecosystem is thriving, with stablecoin activity at an all-time high and total value locked (TVL) continuing to grow.
Think of Sooie as a mini version of Solana. It’s gaining traction fast, and some big names like Raoul Pal are fully invested. I’ve been dollar-cost averaging (DCAing) into Sooie for a while and plan to keep adding. If the momentum holds, Sooie could revisit the $4-$5 range it hit earlier this year in January and February.
2. SE: A Rising Star from Cosmos
The second altcoin I’m watching is SE, a project built on Cosmos’ Layer 0 and Layer 1 technology. I hadn’t paid much attention to SE until recently, but it’s now outperforming many altcoins.
One key reason is SE’s focus on stablecoins. Wyoming has chosen SE to support its own stablecoin, and the project is involved with several other stablecoin initiatives. SE recently partnered with Chainlink to use their Cross-Chain Interoperability Protocol (CCIP), which enhances interoperability between blockchains.
SE is also working on moving to the Ethereum Virtual Machine (EVM), which would open up more possibilities. Additionally, SE has some notable partnerships, including with the Trump Organization, where Eric Trump serves as an advisor, and World Liberty Financial holds some stake. These collaborations add to the growing positive sentiment around SE.
With the potential for regulatory developments like the Gina Bill to gain traction, stablecoin-related projects such as SE could see significant gains. While the bill may not pass this week, any progress on stablecoin legislation is a big deal for projects in this space.
Other Altcoin Highlights and the Potential Start of Altcoin Season
Besides Sooie and SE, other familiar altcoins are performing well. XRP is gaining momentum, Cardano is on the rise, and projects like Hedera and Algorand—both American-based—are also making strides. Solana and Avalanche continue to be strong contenders, and many American crypto projects stand to benefit from changing, more favorable regulations heading into the latter part of the year.
Bitcoin dominance has been declining over the past week, which could signal the start of altcoin season. More money flowing into altcoins would be a welcome development, reminiscent of the strong alt season from November to January. Fingers crossed we see a repeat of that bullish environment for both Bitcoin and altcoins.
Wrapping Up: A Big Week Ahead for Crypto
Tomorrow’s CPI inflation report is the headline event that could set the tone for the market this week. Whether Bitcoin surges higher or altcoins take the lead, it’s shaping up to be a pivotal moment for crypto and bitcoin investors.
Stay tuned, stay informed, and keep an eye on the two altcoins I’m watching—Sooie and SE—as well as broader market trends. This could be the start of something big.
Catch the next update live at 8:30 a.m. Central Standard Time. Until then, happy trading and investing!
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