Bitcoin News Today: Bitcoin Surges 12% to $123,000, Altcoins Gain Traction

As Bitcoin surges past $123,000, driven by institutional investments and legislative focus during the U.S. Congress’s Crypto Week, the crypto market's attention is shifting towards altcoins, particularly Mutuum Finance. Solana (SOL) is currently consolidating near the $160–$165 range, supported by ETF speculation and robust on-chain activity. Meanwhile, Mutuum Finance (MUTM) is gaining traction, with its presale phase 5 priced at $0.03 and over 70% sold out, attracting more than 13,400 early-stage investors and raising over $12.4 million. Investors in this phase are poised for a 100% return on investment upon listing, with an additional 16.67% gain expected when the token lists in Phase 6 at $0.035.

With Bitcoin eyeing the $130,000 milestone, Solana (SOL) has recently traded around $159, showing a slight decline from its mid-$160s range but still supported by strong on-chain activity and overall market momentum. Its price has increased by roughly 6% over the past week, following an 11% surge that coincided with Bitcoin breaking the $120K barrier. Market structure indicates that SOL is consolidating between $150–$160, sitting above key support levels around $145 while testing resistance near $160–$165. As Bitcoin’s ascent draws capital into the broader crypto ecosystem, Solana’s technical setup suggests it could remain range-bound near current levels until a decisive breakout or breakdown. Mutuum Finance continues its progression in parallel, quietly attracting interest as BTC’s rally influences overall DeFi sentiment.

Mutuum Finance's presale has surpassed $12.4 million in funds, with over 13,400 investors participating. The high level of investment in Phase 5 indicates growing confidence in the project’s near-term success and future potential. Mutuum Finance is also offering a $100,000 giveaway, distributed among 10 winners of $10,000 in MUTM tokens. Additionally, the first 50 holders of the Mutuum Finance token will be rewarded based on its new leaderboard system, with bonus tokens given to users as they level up.

Mutuum Finance is innovating DeFi lending with a platform that allows customers to be the sole proprietors of their own assets. The platform combines the synergy of Peer-to-Contract (P2C) and Peer-to-Peer (P2P) models. In the P2C model, smart contracts are used to access lending pools, responding to real-time market conditions to make lenders’ returns less volatile and borrowers financially stable. The P2P model provides direct lending, which is convenient for highly volatile assets like other coins, by eliminating intermediaries. With its dual lending model, real-time market responsiveness, and active community incentives, Mutuum Finance is positioned as a breakout contender in the current bull cycle.