Bitcoin Taps $124,000 Overnight But This Solana Setup Is The Real Story

Zinger Key PointsCommercial lending growth has turned positive, a shift that in past cycles signaled multi-year expansions in economic activity.Analysts caution rapid gains could heighten volatility if macro conditions change, but altcoins still have a favorable short-term backdrop.See what Wall Street is buying with instant access to ratings on 1,000 top stocks, including Goldman Sachs, Morgan Stanley, and more. Unlock all ratings now.A rare technical setup inSolanaSOL/USDis drawing attention from traders and analysts, with market conditions aligning in ways that could strengthen the case for anew wave of treasury adoption.What Happened:The pattern, which in past instances preceded steep declines, this time failed to trigger downside follow-through, holding key uptrend support and sparking speculation over whether Solana could be next in line for institutional treasury allocations, according to a new 10x Research report.The development comes as macro conditions turn decisively dovish.Softer U.S. inflation data has driven expectations for nearly three Federal Reserve rate cuts, easing pressure on risk assets.BitcoinBTC/USDhas broken above $122,000, and its market dominance has slipped from 65% to 59%, providing room for altcoins to outperform.The correlation between U.S. small-cap equities and Solana is also resurfacing, with easing financial conditions historically boosting both.Analysts at 10x suggest that if the U.S. small-cap rally accelerates, Solana could benefit from renewed capital inflows and a broader narrative beyond meme coin speculation.Also Read:Google Play’s New Licensing Rules Threaten Non-Custodial Crypto Wallets In US, EUCommercial lending trends, which often foreshadow multi-year economic expansions, have turned higher, while global liquidity growth is realigning with Bitcoin's breakout.Get StartedTrade Bitcoin, Ethereum, and More Instantly — No Wallets, No HassleSpeculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.Get StartedDisclosure: 82% of retail CFD accounts lose moneyThese shifts are occurring alongside policy moves, such as the removal of certain export restrictions on U.S. semiconductor companies, that have been interpreted as pro-business.What Experts Are Saying:Speaking with Benzinga,Vugar Usi Zade, COO atBitget, said the crypto market's move past $4.1 trillion in capitalization reflects "momentum that only comes when institutional capital, macro tailwinds, and regulatory clarity align."He cited record ETF inflows, structural shifts like 401(k) crypto allocations, and anticipated rate cuts as factors sustaining demand."It is not just a wave of speculative enthusiasm; it is the groundwork for crypto's integration into mainstream portfolios," he added.Still, the pace of price appreciation raises concerns over potential volatility if macro conditions shift or profit-taking accelerates.For now, however, analysts note that the rare Solana setup, combined with a supportive macro backdrop and broadening credit conditions, could reinforce altcoin strength in the near term.Loading...Loading...Read Next:Tokenization Market Could Grow To $2 Trillion In 5 Years, Expert SaysImage: Shutterstock$SOLSolana - United States dollar$202.330.35%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentumN/APrice TrendShortMediumLongOverview$BTCBitcoin - United States dollar$120944.01-1.96%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyNewsTop Stories