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Bitcoin's surge to $120,000 has triggered a widespread rally in the crypto market, with Ether, Solana, XRP, and Dogecoin experiencing significant gains. This isn't solely momentum-driven; experts attribute the rise to increasing institutional investment, viewing Bitcoin as a macro hedge against economic uncertainty. Ethereum's performance is particularly strong, exceeding 17% weekly growth. Analysts highlight the structural shift in the market, with custodians scaling institutional pipelines and OTC desks tightening spreads. While some predict further growth, others caution about resistance levels.

Prepared by Christopher Adams and reviewed by editorial team.