Bitcoin bounces as big tech earnings fuel optimism; short-term pressures remain
Bitcoin rallied to $77,400 on strong U.S. tech earnings, signaling renewed risk appetite. However, analysts caution short-term headwinds persist: reduced rate-cut expectations, $400 million in spot Bitcoin ETF outflows, and geopolitical tensions around oil and the Strait of Hormuz. The $80,000 resistance level remains critical for conviction. Indian crypto traders should monitor Fed policy shifts closely.
Coins in this story
Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Institutional demand to drive bitcoin market cap to $16 trillion by 2030: Ark Invest
Ark Invest projects bitcoin's market cap will surge to $16 trillion by 2030, driven by institutional adoption via ETFs, corporate treasuries, and sovereign holdings. The forecast implies bitcoin could reach $730,000 per coin, capturing roughly 40% of gold's market value as "digital gold." Institutional ownership of bitcoin already stands at 12% of total supply, signaling mainstream acceptance.
CoinDesk 20 performance update: Bittensor (TAO) gains 5.5%, leading index higher
Bitcoin (BTC), up 1.9% from Thursday, was also a top performer....
SBI Holdings eyes stake in crypto exchange Bitbank to build digital asset powerhouse
The Tokyo-based broker is betting big on crypto with plans in Singapore and a Visa partnership for bank cards that allows users to accumulate digital assets....