Pippen’s ’Send Everything Higher’ Drives Bitcoin Above $118K
Legendary NBA star Scottie Pippen sparked a Bitcoin rally with his tweet “SEND EVERYTHING HIGHER,” tagging BTC, ETH, SOL, XRP, ADA, LINK, DOGE and SHIB. His post coincided with Bitcoin topping $118,000, a 9% weekly gain.
Ethereum neared $3,000 amid record spot ETF inflows: $1.18 billion into Bitcoin ETFs and $383 million into Ethereum ETFs. Solana climbed above $160, eyeing $200, while meme coins SHIB and HYPE jumped over 9% and AVAX also saw strong gains.
Analysts attribute the crypto market rally to rising corporate Bitcoin purchases and potential US crypto legislation. Cardano co-founder Charles Hoskinson forecasts a “gigachad bull run,” with Bitcoin hitting $250,000 and large altcoin inflows driven by the Genius and Clarity Acts.
In contrast, Bitcoin critic Peter Schiff advises silver for lower downside risk. Traders should monitor ETF flows, watch for a breakout above $120,000, and track regulatory updates to gauge short-term volatility and long-term momentum.
Bullish
The combined news of Scottie Pippen’s bullish tweet, record Bitcoin and Ethereum spot ETF inflows, and rising corporate and legislative support indicates strong bullish momentum. In the short term, celebrity endorsements and ETF purchases have driven heightened trading volume and price spikes across Bitcoin and major altcoins. The rally past $118,000 and targets above $120,000 suggest further upward potential. Long-term catalysts, including US crypto legislation and institutional adoption, underpin sustained growth. While some caution remains, the overall impact favors continued bullish activity in both the spot and derivatives markets.