Bitcoin (BTC) is currently hovering near the $109,000 mark, fueled by renewed institutional interest and encouraging news of major firms boosting their crypto holdings. This uptick reflects growing belief in Bitcoin as a secure store of value amid ongoing global economic uncertainty. Reports of increased inflows into Bitcoin ETFs and strategic purchases by large hedge funds have added fresh momentum to the rally. On the technical side, BTC recently broke through key resistance zones, attracting more bullish traders and reinforcing its dominant position in the market. However, while Bitcoin remains strong, many altcoins such as Ethereum (ETH), Solana (SOL), and Cardano (ADA) are experiencing profit-taking after recent gains. This suggests that investors may be shifting their funds back into BTC for stability. The market is showing signs of a rotation phase, where capital moves from higher-risk altcoins into the more stable and widely trusted Bitcoin. As BTC’s dominance grows, the next few days will be key in determining whether it can break above $110,000 and continue its upward trend or face short-term consolidation.
