This Blog Post is now in the queue for publishing as requested. Depending on transfer load expect completion in around 15 minutes or 60 minutes if it has just been published by the owner.
This Blog Post has been removed from the queue for publishing as requested.
Bitcoin Breaks $119K, While XLM and HBAR Lead Altcoin Rally
Although bitcoin's move on Sunday delighted bitcoiners, holders of two top 20 altcoins had even more reason to celebrate.
What to know:
According to CoinDesk Data price information, at 2:20 p.m. on Sunday, the bitcoin price set a new all-time high of $119,308, although since then it has dropped to $118,882, up 1.4% in the past 24-hour period.
However, during the same 24-hour period, XLM and HBAR recorded 22% and 27% gains versus the dollar.
price set a new all-time high of $119,308, up 1.4% in the past 24-hour period.
The new high in bitcoin price comes as President Donald Trump said late Friday on Truth Social that the U.S. will impose 30% tariffs against imports from the EU and Mexico
The new tariff headlines didn't stop some bulls from already calling for much higher prices by the year-end. In a recent interview on CNBC, Fundstrat Capital CIO Thomas Lee said that the demand versus supply imbalance for BTC meant that its price could easily reach anywhere from $150,000 to $250,000 by the end of this year.
As of 4:11 p.m. UTC, bitcoin is trading at around $118,882, having risen 1.38% in the past 24 hours.
Meanwhile, on the same day, XLM rose as high $0.4815 (at 3:20 p.m. UTC), but currently it is trading at $0.4578, up 22% in the past 24 hours. XLM's performance, although highly impressive, was not a huge shock since on Saturday, it surged 6% to $0.3880, outperforming the top 20 cryptocurrencies by market cap.
As for HBAR, its intraday high of $0.2516 was reached at 3:10 p.m. UTC, but it is currently trading at around $0.2439, up 27% in the past 24 hours, which makes it right now today's top percentage gainer among the top 20 cryptocurrencies.
Altcoin rotation
Crypto analyst Rekt Capital noted on X that HBAR’s recent 62% surge aligns closely with its 2021 price cycle, suggesting the token could be setting up for a similar breakout pattern. According to the analyst, HBAR has been tracking the 2021 structure "almost perfectly," and any near-term pullback should be viewed as a potential retest with the goal of breaking above the current lower high resistance level.
The pseudonymous analyst also pointed out that a modest 2.5% dip in bitcoin’s market dominance has already fueled strong rallies across many altcoins. He noted that if such a small decline can trigger outsized altcoin moves, a more substantial drop in dominance — into double-digit territory —could significantly accelerate capital rotation into the altcoin market.
Simon Keighley It\'s fascinating to see Bitcoin pushing new all-time highs while altcoins like XLM and HBAR demonstrate impressive independent rallies, suggesting a dynamic crypto market beyond just BTC dominance.