Bitcoin Tops $66K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins
Summary
Bitcoin surged to nearly $66,700, its highest in a month, with strong trading volumes for BlackRock's spot bitcoin ETF. Solana also rose 8.5% to over $170. Cryptos rebounded as U.S. stocks fell, and gold dropped over 2%. A global IT outage highlighted the resilience of decentralized systems. Analysts anticipate a potential breakout to new all-time highs for bitcoin towards the U.S. elections in November, with strong demand for $100,000 bitcoin call options from institutions. Mads Eberhart predicts Bitcoin at $100,000 and Ethereum at $6,500 by the end of the year.
