$BTC Breaks $119K, but $XLM and $HBAR Soar 22% and 27% as Top Percentage Gainers in Top 20

According to CoinDesk Data value info, at 2:20 p.m. UTC on Sunday, the bitcoin

value set a brand new all-time excessive of $119,308, up 1.4% in the previous 24-hour interval.

The new excessive in bitcoin value comes as President Donald Trump mentioned late Friday on Truth Social that the U.S. will impose 30% tariffs in opposition to imports from the EU and Mexico

The new tariff headlines did not cease some bulls from already calling for a lot larger costs by the year-end. In a latest interview on CNBC, Fundstrat Capital CIO Thomas Lee mentioned that the demand versus provide imbalance for BTC meant that its value may simply attain wherever from $150,000 to $250,000 by the tip of this 12 months.

As of 4:11 p.m. UTC, bitcoin is buying and selling at round $118,882, having risen 1.38% in the previous 24 hours.

Meanwhile, on the identical day, XLM rose as excessive $0.4815 (at 3:20 p.m. UTC), but at present it’s buying and selling at $0.4578, up 22% in the previous 24 hours. XLM’s efficiency, though extremely spectacular, was not an enormous shock since on Saturday, it surged 6% to $0.3880, outperforming the highest 20 cryptocurrencies by market cap.

As for HBAR, its intraday excessive of $0.2516 was reached at 3:10 p.m. UTC, but it’s at present buying and selling at round $0.2439, up 27% in the previous 24 hours, which makes it proper now right this moment’s high proportion gainer among the many high 20 cryptocurrencies.

Altcoin rotation

Crypto analyst Rekt Capital famous on X that HBAR’s latest 62% surge aligns carefully with its 2021 value cycle, suggesting the token may very well be establishing for the same breakout sample. According to the analyst, HBAR has been monitoring the 2021 construction “almost perfectly,” and any near-term pullback must be seen as a possible retest with the aim of breaking above the present decrease excessive resistance degree.

The pseudonymous analyst additionally identified {that a} modest 2.5% dip in bitcoin’s market dominance has already fueled robust rallies throughout many altcoins. He famous that if such a small decline can set off outsized altcoin strikes, a extra substantial drop in dominance — into double-digit territory —may considerably speed up capital rotation into the altcoin market.