Bitcoin is trading slightly higher around $109,380 with notable institutional activity redefining its market dynamics. Japanese firm Metaplanet expanded its Bitcoin treasury to 20,000 BTC, aiming for 30,000 by year-end, reflecting growing corporate confidence. Meanwhile, Bitcoin adoption broadens with the University of Hong Kong accepting tuition payments in BTC, enhancing its real-world utility. Large Bitcoin holders are reallocating into Ether, signaling Ethereum's rising institutional appeal, although Bitcoin remains the premier store of value. Technically, Bitcoin trades within a descending channel, with critical resistance near $111,350 and support levels at $107,335 and $105,150. Potential breakout scenarios could propel the price toward $130,000 and higher. Additionally, Bitcoin Hyper is pioneering a Bitcoin-native Layer 2 solution leveraging Solana's speed for scalable smart contracts and decentralized apps, with active presale momentum.
Continue to read Bitcoin Market Update: Institutional Moves, Technical Outlook, and Innovative Layer 2 Developments
Bitcoin is trading slightly higher around $109,380 with notable institutional activity redefining its market dynamics. Japanese firm Metaplanet expanded its Bitcoin treasury to 20,000 BTC, aiming for 30,000 by year-end, reflecting growing corporate confidence. Meanwhile, Bitcoin adoption broadens with the University of Hong Kong accepting tuition payments in BTC, enhancing its real-world utility. Large Bitcoin holders are reallocating into Ether, signaling Ethereum's rising institutional appeal, although Bitcoin remains the premier store of value. Technically, Bitcoin trades within a descending channel, with critical resistance near $111,350 and support levels at $107,335 and $105,150. Potential breakout scenarios could propel the price toward $130,000 and higher. Additionally, Bitcoin Hyper is pioneering a Bitcoin-native Layer 2 solution leveraging Solana's speed for scalable smart contracts and decentralized apps, with active presale momentum.
Continue to read Bitcoin Market Update: Institutional Moves, Technical Outlook, and Innovative Layer 2 Developments
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