Crypto investors are betting that a slew of long-sought policy wins for the industry, expected next week, could invite new investment in the asset class.

Crypto analyst Matthew Hyland said in a Friday post that altcoins are “ripping” even though Bitcoin Dominance hasn’t “even sneezed.”

Investors are betting that a slew of long-sought policy wins for the industry, expected next week, could invite new investment in the asset class.

U.S.-listed crypto stocks jumped on Friday as bitcoin surged to a record high in the run-up to a landmark week that could cement policy wins for the crypto industry. Alex Cohen has more.

Bitcoin's price momentum is putting the crypto on track for a 14% rally by year-end, according to a technical analyst. It hovered around $117,000 on Friday.

Bitcoin reached a fresh, all-time high above $116,000 on Thursday, July 10, a development that one analyst highlighted as a clear sign of rapid evolution.

Bitcoin treasury companies are becoming a dominant force in the crypto market, while more spot crypto ETFs and crypto-related IPOs are also right around the corner.

More than $560 million in crypto positions—mostly shorts—were liquidated in just one hour, with Bitcoin alone accounting for $425 million. A textbook short squeeze is unfolding as BTC rockets past $116,