Bitcoin News Today: Bitcoin's Institutional Surge Drives 63.38% Market Dominance

Bitcoin's trajectory towards $120,000 is becoming more evident as institutional interest surges and technical indicators remain favorable. Bitcoin’s market dominance stands at 63.38%, with significant developments including Standard Chartered introducing spot BTC and ETH trading for institutional clients, Function Finance securing $10 million to develop yield-bearing BTC products, and corporate holdings like MicroStrategy and Metaplanet surpassing 597,000 BTC collectively.

Technically, after testing an all-time high of $123,000, Bitcoin faces key resistance at $123,000, with support levels at $106,000 and $99,000. The Relative Strength Index (RSI) above 76 suggests near-term overheating, but the Moving Average Convergence Divergence (MACD) still reflects bullish momentum. Stable funding rates at 0.01% indicate healthy leverage conditions.

Macro conditions and policy signals also play a role. A leadership change at the Federal Reserve could shape risk asset flows, while the Q3 launch of sBTC on Stacks could unlock dormant BTC into productive DeFi use. Regulatory focus on stablecoins could influence composability and growth in Bitcoin DeFi. Overall, Bitcoin’s trajectory depends on macro clarity, but momentum, institutional demand, and new DeFi layers point to a possible breakout after consolidation.

As the crypto market rides Bitcoin’s wave, attention is shifting toward large-cap altcoins, particularly Ripple’s XRP. XRP is currently trading near $0.62, attracting renewed interest from both retail and institutional buyers. Positive news, including global partnerships and legal clarity, is fueling optimism. Updated XRP price prediction models suggest a possible climb toward the $0.80–$1.00 range if current trends hold.

As XRP regains momentum, traders are increasing exposure to altcoins that combine utility, clear roadmaps, and strong token economics. This shift has many turning to a fast-rising contender in the meme coin space, Pepeto. Pepeto is priced at $0.000000141, with its presale surpassing $5.5 million and approaching its cap of $5.78 million. Pepeto offers 270% annual staking rewards, audited contracts, a verified demo of the Pepeto bridge and exchange, a native zero-fee PepetoSwap exchange, cross-chain functionality, and 30% of tokens dedicated to both presale buyers and stakers. Over 31 trillion tokens have already been staked, and a real-time staking dashboard is available at pepeto.io/en/staking.

These features align Pepeto with serious Web3 infrastructure, not just meme value. As XRP recaptures attention in the altcoin arena, savvy investors are diversifying into emerging tokens with real architecture. Pepeto’s blend of staking, bridging, and exchange utility positions it as more than just a meme; it may be the next major breakout in 2025.