Bitcoin has reached a new all-time high of $85,000, signaling a significant rebound in market sentiment. However, the rise in Bitcoin dominance (BTC.D) suggests that altcoins are underperforming. Meanwhile, the Bitwise Solana ETF (BSOL) has achieved a milestone with $500 million in assets under management, indicating continued institutional interest in the Solana ecosystem.
The Avici project has emerged as a market hotspot following a technical breakthrough, showing strong price performance. Analysts suggest the market is in a mid-term correction phase, with risk assets under pressure, but the long-term trend remains unchanged. Additionally, on-chain data reveals a significant inflow of 1,483.50 BTC (approximately $126 million) into Binance, potentially indicating institutional repositioning.
Bitcoin Hits Record $85,000 as Market Sentiment Rebounds
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