đ Evening Brief: Bitcoin Nears $120K, Ethereum Breaks $4K, Altcoins Ignite
Institutional inflows, political tailwinds, and breakout momentum set the stage for a volatile but bullish close to the week.
Folks, this is the end of the week but itâs not the end of the bullish news for Bitcoin and the broader Crypto market. Now is not the time to blink âŠ
"The best way to predict the future is to create it."
â Peter Drucker
Bitcoin: Institutional Power Meets Global Adoption
Bitcoin is pressing toward $120K, fueled by record institutional demand and a flurry of adoption headlines. The Energy Value metric estimates BTCâs fair price at $167K, and whales are buying aggressively â with 13 of the top 25 U.S. banks now building Bitcoin products.
El Salvador will launch the worldâs first Bitcoin banks.
Spainâs BBVA will offer Bitcoin custody for Binance customers.
Peer-reviewed research predicts $1M BTC by early 2027.
Retail wallets (âshrimpâ) have bought 17,000 BTC in the past month, outpacing miner issuance.
The Fed is considering a gold revaluation to fund a Bitcoin reserve; Trumpâs new tariffs on gold have already spiked prices.
Caution remains as whales take profits and $5B in BTC/ETH options expired today, adding volatility. But with institutions buying $64B in Bitcoin this year â five times miner output â the supply squeeze narrative is strengthening.
Ethereum: Breakout in Motion
Ethereum surged above $4K for the first time since December, triggering over $400M in liquidations for bears. Analysts see a possible retest of $3,850 before a push to $5K this quarter.
Record transaction counts driven by staking growth and SEC clarity.
Options market signals a quick rally to $4.4K could be next.
Some traders expect ETHâs breakout to trigger a 200%â500% altcoin rally.
Altcoins: XRP & DOGE Lead
XRP jumped 12%â13% after Ripple and the SEC dropped their court battle, with some price targets as high as $8.
Dogecoin rose 8%, matching patterns seen before past bull runs, boosted by whale buying.
Corporate & Institutional Moves
Brown University doubled its BTC holdings to $13M via BlackRockâs ETF.
Harvardâs endowment invested $116M into BlackRockâs ETF.
BlackRockâs ETF had its second-largest buying day since launch, adding nearly $1B in BTC.
A multinational healthcare firm secured up to $300M for an Ethereum treasury strategy.
Politics & Policy
Bitcoin advanced after President Trump appointed a Bitcoin-friendly economist to the Fed, pushed for crypto in 401(k) plans, and declared Bitcoin âmuch strongerâ than other markets.
U.S. Treasury Secretary Scott Bessent: The country is âgoing bigâ on Bitcoin and crypto.
Voices
Robert Kiyosaki: Only Bitcoin will survive an âupcoming Great Depression.â
Michael Saylor: Gold tariffs will boost Bitcoinâs value proposition.
Block CFO: Bitcoin can be the âopen protocol that powers the internet.â
Glassnode co-founders: Ethereum is in an accumulation phase before a massive rally.
The Bad
The Ethereum Foundation will match up to $500K in donations for Roman Stormâs legal defense, underscoring ongoing regulatory pressure in crypto.
Bottom Line:
Bitcoinâs push toward $120K, Ethereumâs breakout, and accelerating institutional entry point to a market on the edge of another leg higher. With banks, universities, and governments all joining in, the supply squeeze is real â and the next few weeks could be explosive.
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