Altcoins like Dogecoin, XRP, and Solana can join the potential Bitcoin breakout to $100,000.
Nation-state adoption of BTC and altcoins is currently ongoing.
Bitcoin (BTC), through its latest price action, has solidified its position as the leading market coin. As the flagship cryptocurrency eyes the $100,000 mark, top altcoins are anticipated to follow the ascending trend.
Bitcoin’s Price Correlation With Altcoins
This expectation is based on the fact that the price of BTC is closely related to altcoins. As we mentioned in a previous article, the price of BTC hit an all-time high of $109,000 in January. The spike coincided with market expectations for US President Donald Trump’s inauguration speech.
Bitcoin’s rally to the $110,000 mark elevated the prices of top altcoins like Ethereum (ETH), XRP, Binance Coin (BNB), and Solana (SOL). Top memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE were not left out of the rally.
Ethereum peaked above $4,000, XRP above $3.3, B
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