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Is Bitcoin News Pointing to $80,000 as IBIT Hits 806,700 BTC While Altcoins Fade?
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This story was originally published on HackerNoon at: https://hackernoon.com/is-bitcoin-news-pointing-to-$80000-as-ibit-hits-806700-btc-while-altcoins-fade.
Bitcoin nears $80K as BlackRock IBIT hits 806,700 BTC. With altcoins fading, is BTC dominance signaling the next major breakout?
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Bitcoin remains strong near $78K as BlackRock’s IBIT ETF reaches a record 806,700 BTC, highlighting sustained institutional demand. While altcoins like ETH, XRP, and SOL decline, BTC dominance continues to rise, signaling a narrow but powerful market bid. Analysts see $80K–$90K as the next range, with ETF inflows and corporate accumulation driving momentum.