Bitcoin Maintains $104K Amid Institutional Accumulation Despite Market Volatility

In the past week, the cryptocurrency market has seen a surge in buying activity from major corporations and financial institutions, all announcing plans to purchase or raise billions of dollars to acquire Bitcoin. This reflects a growing adoption trend of Bitcoin among traditional entities and even governments. Despite a substantial decline of approximately $137 billion in total market capitalization, Bitcoin maintained a price around $104,000 after reaching a peak near $112,000 on Pizza Day. The week was marked by significant volatility, with Bitcoin hitting new highs only to be pressured downward by geopolitical and trade tensions, notably comments from U.S. and Chinese officials. Institutional interest remains robust, underpinning Bitcoin’s long-term confidence. Recent news highlights include the U.S. SEC dropping its lawsuit against Binance—considered a regulatory shift favoring the crypto sector—along with major institutional holdings of Bitcoin and strategic development announcements by firms like Truth Social’s parent company and Telegram, indicating ongoing adoption and investment in crypto assets. Market indicators show a slight decrease in greed sentiment, yet Bitcoin’s dominance remains strong at over 63%, with institutional accumulation continuing to support its resilient outlook.