#bitcoin

Why $BTC Stays Steady While $XRP , $SOL , Dogecoin Falter

Bitcoin (BTC) is holding strong, up 1.1% to $119,412 in Thursday trading, while altcoins like XRP, Solana, and Dogecoin slip into the red. Why the divergence?

BTC’s volatility has dropped to 1.49%, signaling its maturation into an institutional-grade asset, per Coinglass data. Experts like ARK Invest’s David Puell note that while extreme volatility persists, Bitcoin’s ability to stabilize post-rallies—like its recent climb from $110k to $117k—shows resilience. Glassnode highlights an “on-chain air gap” above $122.6k, suggesting potential for price stabilization even if support weakens.

Institutional interest remains robust. Marathon Digital (MARA) upsized its offering to $950M to buy more BTC and expand mining, though its stock dipped 11.62% to $17.57 as investors hesitated. Meanwhile, 98.7% of Myriad Markets users bet BTC will stay above $100k through July.

Ethereum, up 4% to $3,749, also enjoys institutional buzz, trending 9.4% higher than last week. As altcoins waver, BTC’s stability and institutional backing keep it in the spotlight.