Crypto Today: BTC price stalls at $103K with $120B inflows skewed towards ETH, SOL and DOGE :

The cryptocurrency market cap surged above $3.2 billion on Friday, rising 3.7% with an approximate $120 billion increase.
Despite an additional $117 million in inflows toward Bitcoin ETFs, BTC's rally stalls below $103,000, with gains capped at 3.6%.
Dogecoin, Ethereum and Solana all posted double-digit gains on the 24-hour price chart.
Cryptocurrency market cap rose by 4% on Friday, with over $120 billion increase in the last 24 hours. Rising institutional demand, expectation of hawkish monetary policy and BTC adoption in regional US states have added to the bullish market momentum in this week.
Bitcoin market update
- Bitcoin price rose as high as $104,361 on Friday before facing a major sell-off as investors began to rotate profits towards altcoins.
At press time, BTC price gains remain subdued at 0.04%, while top altcoins like Ethereum and Solana have each secured solid gains on the day.
Chart of the Day: BTC stalls at Institutional demand dips
As market sentiment improves, investors appear to be rotating funds out from BTC markets towards altcoins with higher short-term growth potential. The rotation trend also appears among institutional investors. On Thursday, Bitcoin ETFs recorded another $117 million in inflows. Farside data shows that this represents the lowest single-day inflows in the last 14 days of trading.
This shows that while corporate investors continue to lean bullish, investors are beginning to allocate lower amounts of funds towards BTC, in a bid to profit from the upside potential of alternative crypto assets.
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