Bitcoin Nears $110K as Institutional Support and New Capital Drive Rally

The daily news update presents a bullish outlook for Bitcoin, with expectations of reaching $110,000 supported by new capital and increased investor accumulation. The price proximity to this target is driven by long-term holders reducing supply, with a crucial resistance at $115,000; failure to break this could see a dip to $105,000. Meanwhile, Trump Media is pooling $2.5 billion from nearly 50 institutional investors to establish a Bitcoin reserve fund, leading to a 1% price increase. Promotional efforts include a referral campaign with prizes totaling Rp30 million. Quant (QNT) has experienced a substantial 500% volume spike after launching Layer 2.5 solutions, with technical indicators confirming a bullish momentum targeting $111.85 and $115, supported by strong levels at $101.22 and $93.51. Conversely, Standard Chartered warns that Solana may underperform compared to Ethereum due to weaker use cases and less institutional support, with Solana exhibiting bearish signals amidst sluggish meme coin activity. Overall, the outlook is optimistic for Bitcoin and optimistic with caution for Ethereum and Solana.