Weekly recap: Bitcoin stalls near $85K on oil spike as Solana activates Alpenglow
- —BTC ended the week nearly flat, with support at $79,694 and resistance at $84,843
- —Spot BTC ETFs took in $442.67 million, including $675.95 million into IBIT
- —ETH ETFs saw $224.96 million in outflows; SOL ETFs lost $17.3 million
- —Solana's Alpenglow upgrade cut transaction finality to 150 milliseconds
Why it matters: Elevated oil prices and a weaker Nasdaq reduce the odds of a Fed rate cut, keeping risk appetite for crypto subdued.
Source: BitNovosti