Solana Surpasses XRP as Bitcoin Fails to Break $87K

The Bitcoin price failed to breach $87,000 despite softer-than-expected inflation and jobs data. This rejection highlights a cautious risk appetite in digital assets, even as macroeconomic tailwinds build.

Institutional flows are rotating decisively toward Solana, with spot ETF assets surpassing $1.91 billion to overtake XRP-focused funds. This structural shift in altcoin preference among professional allocators signals a significant change in market dynamics.

The SEC's proposed custody framework for investment advisers and funds aims to standardize safeguarding of client crypto assets, potentially accelerating institutional adoption if finalized.