Bitcoin Struggles Below $80K as Solana Surges and Nvidia Powers Tech Sector

Bitcoin's price has been hovering below $80,000 after reaching an overnight peak of $81,280. This comes as U.S. spot Bitcoin ETFs have recorded $2.8 billion in consecutive inflows over eight trading days.

Solana led the major cryptocurrencies with a 4% daily gain and a remarkable 20% weekly appreciation. The token's surge was fueled by institutional investment, which has been driving up demand for Solana.

Nvidia's strong earnings report contributed to a 9% single-session stock price increase, propelling shares upward and lifting the technology sector. The company reported quarterly revenue of $96.2 billion and projected next quarter's revenue above $105 billion.