Bitcoin turns risk on as stocks hit new highs and miner profits rise: Is $85K BTC next?
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- Bitcoin surged to $80,000, its highest in three months, triggering $270 million in liquidations of leveraged short futures.
- Riot Platforms sold $250 million of Bitcoin last quarter, while daily miner revenue per 1 PH/s rose to $37, a level not seen since Jan 30.
- Bitcoin dominance rose to its highest level since July 2025, as altcoins fell, pushing BTC and ETH to account for 95% of crypto‑ETF assets now $147 billion.
- Nasdaq set a new all‑time high, extending its longest winning streak since 1992, mirroring Bitcoin’s risk‑on rally.
- CoinShares reported combined assets under management for Bitcoin and Ether ETFs at $147 billion, while Solana and XRP products remain under $3 billion each.
Why it matters: Bitcoin miners like Riot Platforms gain $250 M cash and $37 per PH/s daily returns, while short sellers lose $270 M in liquidations; the surge lifts crypto‑ETF assets to $147 B, expanding institutional exposure.
