- Bitcoin hit $125.5K, driven by global uncertainty and strong institutional flows, with traders eyeing Fed guidance.
- Solana gained momentum as ETF speculation grows and Wall Street eyes its tokenization potential.
- Ray Dalio’s renewed Bitcoin endorsement adds credibility, while inflows and price targets signal bullish momentum.
Crypto markets stayed electric over the past day as Bitcoin extended its record run, Solana drew serious attention from Wall Street, and institutional voices gave fresh validation to digital assets. The tone was bullish but cautious, with traders watching key macro events that could shift sentiment fast. So, let us take a closer look at what moved the market in the past 24 hours.
Bitcoin Pushes to New ATH
Bitcoin soared past $125,500, locking in a 12% weekly gain and securing a new all-time high. The move came as investors reacted to a mix of U.S. shutdown fears, weak jobs data, and political shake-ups in Japan that pushed capital away from traditional markets. Risk aversion elsewhere translated into renewed demand for Bitcoin as a perceived macro hedge and liquidity play.
However, with Treasury bond auctions and Federal Reserve Chair Jerome Powell’s remarks on deck this week, traders are bracing for volatility. Any signs of tighter policy could dampen momentum, while softer tones could spark another leg higher. For now, Bitcoin’s dominance reinforces its standing as the market’s benchmark for risk appetite and institutional conviction.
Solana Gains Institutional Spotlight Ahead of ETF Decision
Solana (SOL) found new strength after Bitwise CIO Matt Hougan said the network could become Wall Street’s preferred platform for stablecoins and tokenization. While Ethereum still dominates with more than 60% of the stablecoin market, Solana’s scalability and efficiency are capturing attention as it holds 4.7%. The SEC’s pending decision on a spot Solana ETF, due October 16, is adding speculative heat.
With the token trading more than 20% below its all-time high, institutions appear to be quietly accumulating positions in anticipation of broader adoption. If approved, the ETF could accelerate Solana’s role in the tokenization race, making it a cornerstone of traditional finance’s blockchain integration.
Ray Dalio Endorses Bitcoin
Ray Dalio reiterated his view of Bitcoin as alternative money, reinforcing the asset’s credibility among large investors. His comments landed just as Bitcoin crossed $120,000, prompting traders to lock in over $3.7 billion in profits. Meanwhile, ETF inflows reached $675 million, led by BlackRock and Fidelity, underscoring growing confidence from both institutional and retail segments.
With JPMorgan raising its near-term target to $165,000 and some analysts predicting a path toward $200,000, the tone across the market remains firmly bullish. All in all, Dalio’s endorsement highlights the shifting sentiment in traditional finance, where Bitcoin is no longer dismissed as speculative risk but recognized as a legitimate macro asset.
Final Thoughts
To conclude, the past day underscored crypto’s growing maturity amid global uncertainty. It is also important to highlight that Bitcoin’s climb, Solana’s institutional backing, and Dalio’s renewed endorsement signal a market increasingly driven by mainstream adoption and macro relevance.
