Bitcoin's Uptrend – Where Is It Headed?

Bitcoin experienced a notable surge in the last U.S. trading session, reaching $88,295.3, up +0.49% in the past 24 hours. This increase reinforces Bitcoin’s market dominance, which now stands at 60.6%, with a total market capitalization of $1.75 trillion.


Over the past week, Bitcoin has gained +7.10%, while Ethereum has risen +9.03%, reflecting growing investor confidence driven by institutional interest and easing regulatory pressures in some markets.


 Major Cryptocurrencies – Mixed Performance Amid Market Swings

While Bitcoin has been on the rise, other cryptocurrencies have shown mixed performance:


Solana (SOL): Climbed to $145.607 (+2.64%), indicating strong demand.


Binance Coin (BNB): Dropped to $632.10 (-0.72%) due to fluctuations in exchange activities.


Ripple (XRP): Rose to $2.4675 (+0.36%), influenced by ongoing legal developments.


Dogecoin (DOGE): Increased to $0.191451 (+3.06%), fueled by strong community backing.


Shiba Inu (SHIB): Gained +1.92% to reach $0.00001387, reflecting rising interest from small investors.


Cardano (ADA): Increased +2.14% to $0.7516, driven by optimism around its technological advancements.


 Crypto’s Impact on Stock Markets

Fluctuations in crypto prices have directly affected stocks linked to Bitcoin mining and digital asset investments, with notable movements as follows:


Coinbase (COIN): Rose to $204.20 (+0.6%), benefiting from increased trading volumes.


MicroStrategy (MSTR): Surged to $341.78 (+1.08%) due to its continued Bitcoin investments.


Marathon Digital (MARA): Declined to $14.25 (-2.5%), impacted by mining volatility.


PayPal (PYPL): Fell to $70.85 (-0.2%) amid weaker financial outlook.


Block (SQ): Dropped to $61.34 (-2.0%) over concerns about reduced crypto payment adoption.


 What’s Next?

Analysis suggests that Bitcoin could continue its upward trajectory, especially if it breaks the $90,000 threshold. With increasing institutional adoption, a new bullish wave may emerge, though volatility remains a key characteristic of this market.