After an impressive surge last week, Bitcoin is currently consolidating within the $89K–$92K range, with each minor dip being quickly bought up. This reflects strong bullish momentum, although some market watchers anticipate a potential pullback to the $85K–$87K level. Bitcoin has not seen a significant retracement since its leg-up following Trump’s victory, and historically, the asset has been known to move as much as 50% higher without much of a correction after setting new all-time highs.
In terms of market activity, Bitcoin’s spot ETF volume hit a massive $5.13 billion yesterday, marking a new milestone for the market. Meanwhile, Michael Saylor’s MicroStrategy continues to accumulate Bitcoin aggressively, recently purchasing an additional 51,780 BTC for $4.6 billion. With this latest acquisition, MicroStrategy now holds a total of 331,200 BTC, valued at just under $30 billion. This positions the company as one of the largest institutional holders of Bitcoin, further cementing its commitment to the digital asset.
As Bitcoin solidifies its position, altcoins are also showing strength. Tezos, HBAR, and XRP all posted solid gains yesterday, with smaller-cap altcoins seeing notable price surges as well. Overall, the sentiment remains bullish. Investors seem to be treating dips as buying opportunities, keeping the market in a positive uptrend.
