Bitcoin Hits $72K, Ethereum Surges Past $4k, SOL Targets $200, FLOKI And LINK Up 20% & 8%

Cryptocurrency prices are soaring as Bitcoin prices keep making new highs. Ethereum price is also rising as record inflows flow into digital assets. On Monday, BTC price surged above $72,000 for the first time in its 15-year history. This also resulted in a strong surge in ETH, which soared above $4,000, making a fresh two-year high.

Major altcoins like Solana (SOL), Chainlink (LINK) and Floki Inu (FLOKI) also showed bullish price action after remaining sideways over the weekend. At press time, SOL stood at $150 after a 2.3% uptick and LINK was changing hands at  $21.57 after gaining 8% in the last 24 hours.

The increased liquidity in the crypto markets can be attributed to the spot Bitcoin ETF inflows, which indicate a strong demand for the recently launched crypto financial products.

The altcoin market is also looking very strong as the Total 3 market cap hit $733 billion today. The biggest gainers of the day have been the AI and memecoins. However, well-established projects like Solana, Chainlink, Avalanche, Litecoin and Algorand also showed significant upticks as the first trading session of the week unfolded.

Bitcoin Price Prediction

The latest BTC/USD technical analysis shows that the digital asset is establishing its stronghold above the previous all-time high of $69,000. If it successfully flips the $69k level into a support zone, a surge toward $100k could be only a matter of time.

When an asset hits an all-time high, its price prediction becomes very difficult as the price has never traded at those levels. However, if we connect last week's high and low, we get a few Fib retracement levels where Bitcoin might head next. The first target seems to be the 1.618 level, around $74,807, as shown in the chart below.

Ethereum Price Outlook

ETH/USD has perfectly hit my price target of $4,000. I mentioned this target when the price was trading around $3,200. The following chart depicts that the Ethereum price is trading within a weekly supply zone. A clear break above this zone might send the price to a new all-time high above $4,800.