The cryptocurrency market is witnessing a strong rally as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) post significant gains over the weekend. A major policy announcement from the United States is fueling optimism across the digital asset sector, pushing several coins closer to their all-time highs.
Crypto Prices Near Record Levels
After a period of summer consolidation, crypto markets have turned sharply bullish:
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Bitcoin (BTC) climbed to $122,209, less than 1% away from its all-time high (ATH) set in mid-July.
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Ethereum (ETH) reached $4,300, testing key resistance above $4,000 and edging closer to its previous ATH of $4,800.
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Solana (SOL) gained 14% in a week, hitting $184, although still well below its January peak of $293.
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BNB remains just 4% short of breaking its recent ATH at $858.
The total cryptocurrency market capitalization has grown by 2.6% in the past 24 hours, hitting $4.135 trillion.
What’s Driving the Crypto Rally?
The surge follows a game-changing policy shift by U.S. President Donald Trump:
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Retirement Accounts Open to Crypto – Trump announced that cryptocurrencies will now be eligible for inclusion in U.S. retirement savings plans, signaling regulatory acceptance and mainstream integration.
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End to “Debanking” Crypto Firms – A new executive order requires banks to provide services to crypto companies, removing a key barrier for blockchain businesses.
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Corporate Treasury Adoption – July saw a record increase in companies adding Bitcoin, Ethereum, and other cryptocurrencies to their balance sheets, strengthening investor confidence.
Market Sentiment: Bullish Outlook
With regulatory support, increased institutional participation, and a rising adoption trend, analysts believe new all-time highs for BTC and ETH are possible in the coming weeks.
