Bitcoin Breaks $119K, While XLM and HBAR Lead Altcoin Rally

According to CoinDesk Data price information, at 2:20 p.m. UTC on Sunday, the bitcoin (BTC) price set a new all-time high of $119,308, up 1.4% in the past 24-hour period.

The new high in bitcoin price comes as President Donald Trump said late Friday on Truth Social that the U.S. will impose 30% tariffs against imports from the EU and Mexico

The new tariff headlines didn’t stop some bulls from already calling for much higher prices by the year-end. In a recent interview on CNBC, Fundstrat Capital CIO Thomas Lee said that the demand versus supply imbalance for BTC meant that its price could easily reach anywhere from $150,000 to $250,000 by the end of this year.

As of 4:11 p.m. UTC, bitcoin is trading at around $118,882, having risen 1.38% in the past 24 hours.

Meanwhile, on the same day, XLM rose as high $0.4815 (at 3:20 p.m. UTC), but currently it is trading at $0.4578, up 22% in the past 24 hours. XLM’s performance, although highly impressive, was not a huge shock since on Saturday, it surged 6% to $0.3880, outperforming the top 20 cryptocurrencies by market cap.

As for HBAR, its intraday high of $0.2516 was reached at 3:10 p.m. UTC, but it is currently trading at around $0.2439, up 27% in the past 24 hours, which makes it right now today’s top percentage gainer among the top 20 cryptocurrencies.

Altcoin rotation

Crypto analyst Rekt Capital noted on X that HBAR’s recent 62% surge aligns closely with its 2021 price cycle, suggesting the token could be setting up for a similar breakout pattern. According to the analyst, HBAR has been tracking the 2021 structure “almost perfectly,” and any near-term pullback should be viewed as a potential retest with the goal of breaking above the current lower high resistance level.

The pseudonymous analyst also pointed out that a modest 2.5% dip in bitcoin’s market dominance has already fueled strong rallies across many altcoins. He noted that if such a small decline can trigger outsized altcoin moves, a more substantial drop in dominance — into double-digit territory —could significantly accelerate capital rotation into the altcoin market.