BTC Below $120K

BTC Below $120K

Bitcoin’s rally has paused just under the $120,000 mark, with prices moving sideways following a strong surge that brought it close to its all-time high. BTC is down 3% over the past week, as investor sentiment appears to be rotating toward altcoins.

Ethereum has emerged as a standout performer, rising 1.9% today to $3,800 — up 25% over the last seven days — marking its highest level in seven months. The broader crypto market is showing a strong risk-on tone:

· Solana (SOL): +5.8%

· Dogecoin (DOGE): +7.3%

· Cardano (ADA): +4.1%

· Avalanche (AVAX): +3%

· XRP: +1.7% to $3.54, hitting a new all-time high

· Other movers: BNB, Stellar, Chainlink, Hyperliquid, and Hedera also posted notable gains

ETF Inflows Surge

U.S.-based crypto ETFs saw record-breaking activity last week:

· Spot Bitcoin ETFs: $2.3 billion in net inflows

· Spot Ether ETFs: $2.18 billion in inflows (record)

· Staked Solana ETFs: $81.4 million in inflows since launch

Corporate Treasury Moves

· MicroStrategy: Co-founder Michael Saylor signaled a new Bitcoin purchase, with total holdings now exceeding $71 billion

· H100 (Sweden): Raised $1.5 million to expand its Bitcoin reserves

· Jetking (India): Will buy more Bitcoin; currently holds 21 BTC (~$3M)

· Bit Digital Inc.: Added 19,683 ETH to its treasury, now holding 120,306 ETH (~$436M)

· MEI Pharma: Became the first public firm to add $100M in Litecoin (LTC) holdings, currently trading flat at $119

Altcoin & DeFi Highlights

· Solana (SOL): DEX volumes hit $1.4 trillion, indicating strong institutional demand; SOL trading at $190.91, up nearly 6%

· Dogecoin (DOGE): Up 30% this week, +8% today to $0.27 amid ETF speculation and tripled trading volume

· XRP: Trading at $3.56, up 4.5% after the launch of the ProShares Ultra XRP ETF on NYSE Arca; Polymarket now shows 86% odds of full ETF approval

· Ethena (ENA): Governance token surged 8% to $0.50 — highest since February; stablecoin USDe saw $750M in inflows, approaching $6.1B in supply

· Hyperliquid (HYPE): Daily revenue hit a record $5.48 million; HYPE token up 5.25% to $47.21

· Polygon (MATIC): Up 4% to $0.25 following Bihar’s successful blockchain-based e-voting pilot — a first in India

Outlook

All eyes are now on upcoming U.S. economic indicators and Fed Chair Jerome Powell’s remarks. Jobless claims and PMI data will offer clues about the Fed’s monetary stance. Amid ongoing uncertainty, Bitcoin’s value as a hedge against geopolitical and economic volatility continues to solidify its role in institutional and retail portfolios alike.

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