Bitcoin Reclaims $85K, Paving the Way for Altcoins to Make Even Bigger Gains

This week, optimism is returning to the crypto market as Bitcoin reclaims $85K.

The cryptocurrency market is showing promise of a return to optimism this week as Bitcoin reclaims the $85K level.

The leading cryptocurrency is currently trading at $85.7K, having surged 1.3% over the past 24 hours and 7.8% over the past week.

This is paving the way for altcoins to make even bigger gains, with several high-profile projects notching up 20% or more gains over the past seven days.

What Is Happening?

Returning institutional demand and easing macroeconomic concerns have enabled Bitcoin’s bullish performance.

In terms of institutional interest, Bitcoin has just ended a seven-day lull of ETF outflows, with Monday bringing in $1.47 million of net inflows. It’s a modest amount, but it signals that smart money senses a stabilising market. Now, with Bitcoin back above $85K, this could well springboard a bullish ascent.

The biggest movers in the market are BTC Bull Token and Helium, both of which have posted triple-digit percentage gains in the past week.

BTC Bull Token

One of the smartest ways to capitalize on Bitcoin’s strength may be BTC Bull Token. It’s a bull-themed meme coin that pays homage to Bitcoin, but it takes an innovative approach.

It’s aiming to create value for holders by running $BTC and $BTCBULL airdrops at key milestones on Bitcoin’s journey to $1 million. The first will occur when Bitcoin hits $100K and then at every $50K milestone after that.

There will also be burn events, the first one when Bitcoin hits $125K and then at proceeding $50K price milestones.

This approach directly ties BTC Bull Token to Bitcoin’s growth. So, given Bitcoin’s strength and returning institutional demand, we may see major advancements in both projects in the months ahead.

$BTCBULL also stands out because it’s currently undergoing a presale, which has raised $4.6 million so far. This allows investors to buy in from the ground floor.

BTC Bull Token’s early stage and promising use case indicate that investors have the potential to generate substantial profits.

Helium

Helium is a project that’s making a real-world impact. It’s good to see cryptocurrencies penetrating real-world markets since it allows them to capitalize on untapped potential.

The project is building a decentralized wireless network to which anyone can contribute coverage and earn free crypto. Participants simply purchase a Helium Hotspot and hook it up to the network to start earning. There are already 375K hotspots and over 600,000 users.

The project is building both a mobile data network and a separate network for the Internet of Things (IoT).

The $HNT price is soaring this week with a 38% gain. One of the core price catalysts is that the SEC has just dropped a lawsuit against the project for selling unregistered securities.

This lawsuit likely deterred many would-be investors, so its repeal could greatly benefit $HNT’s price potential.

Bonk

If there’s one thing that this week has taught us, it’s that meme coins aren’t going away.

The meme coin market has been among the biggest beneficiaries of Bitcoin’s strength. Fartcoin has gained over 50% this week, but Bonk might just be one of the smartest plays right now.

It’s a Solana-based meme coin, and it’s currently on track to flip OFFICIAL TRUMP, Solana’s current largest meme coin. In the past week, Bonk has gained 31%, while Trump has gained just 3%.

Given the blockbuster entrance that OFFICIAL TRUMP made to the market, it would be a huge statement if Bonk closes the gap.

It’s also worth noting that Bonk has a more organic community than OFFICIAL TRUMP. And not just that – but it has been around since 2022, while $TRUMP is just four months old.

Bonk has stood the test of time, and while $TRUMP struggles to stay afloat, Bonk looks set to reach new heights. As investors awaken to this, the project’s interest could reach a fever pitch.