Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin nears $80K but eyes $96K as institutional demand soars, signaling a strong rally ahead.

Market News
04 May 2026
Zycrypto
View Source
Bullish
pluang ai news

Bitcoin briefly surpassed $80,000 before retreating to around $79,200, maintaining a slight 0.4% gain over 24 hours. Institutional demand is driving this momentum, with investors absorbing over five times the daily new Bitcoin supply, according to Capriole Investments founder Charles Edwards. This strong buying pressure, fueled by inflows into U.S.-listed Bitcoin ETFs and major accumulators like Michael Saylor, historically precedes significant price gains. If past trends hold, Bitcoin could rally about 24% to reach near $96,000 by June, supported by key on-chain metrics and sustained institutional interest.

More News

Golden Heaven Group settles $1.7M class action lawsuit over 2023 stock issues

Golden Heaven Group settles $1.7M class action lawsuit over 2023 stock issues

Golden Heaven Group Holdings Ltd. and several defendants have agreed to a $1.7 million settlement in a class action lawsuit related to the company's 2023 IPO and subsequent stock purchases. The settlement, approved by the New York Supreme Court, cove...

Market News
Bearish
48 minutes ago
Kaltura wins Best Event AI Technology at Eventex 2026 for fourth year with advanced Agentic Avatars.

Kaltura wins Best Event AI Technology at Eventex 2026 for fourth year with advanced Agentic Avatars.

Kaltura has won the Best Event AI Technology award at Eventex 2026 for the fourth consecutive year, highlighting its leadership in AI-driven event solutions. This year, Kaltura's new Agentic Avatars, which provide real-time, personalized conversation...

Others
Bullish
48 minutes ago
Taseko Mines proposes renaming to Trekor Metals to reflect growth and new direction.

Taseko Mines proposes renaming to Trekor Metals to reflect growth and new direction.

Taseko Mines Limited announced a proposal to change its name to Trekor Metals Limited at its upcoming Annual General Meeting on June 24, 2026. The name change aims to reflect the company's expanded asset base and growth in North America’s copper sect...

Company Fundamentals
Neutral
48 minutes ago
LuxUrban Hotels settles class action lawsuit for $3M, benefiting stock purchasers from 2023-2024.

LuxUrban Hotels settles class action lawsuit for $3M, benefiting stock purchasers from 2023-2024.

LuxUrban Hotels Inc. has reached a $3 million settlement in a class action lawsuit approved by the U.S. District Court for the Southern District of New York. The settlement covers purchasers of LuxUrban's common and preferred stock between May 9, 202...

Market News
Bearish
48 minutes ago
Smithfield Foods donates $150,000 to support military families via Operation Homefront programs.

Smithfield Foods donates $150,000 to support military families via Operation Homefront programs.

Smithfield Foods contributed $150,000 to Operation Homefront to aid military and veteran families through transitional housing and holiday meal programs. This funding supports rent-free housing, financial counseling, and food assistance, helping fami...

Others
Bullish
48 minutes ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App