PANews reported on May 3rd that Markus Thielen, CEO of 10x Research, stated on the X platform that the recent high-profile Bitcoin 2026 conference in Las Vegas initially pushed the price up to approximately $79,500, but the "sell the news" effect led to a brief consolidation. Subsequently, continued institutional interest, ongoing corporate treasury accumulation, and hints from White House advisors about an upcoming announcement of significant news regarding the national strategic reserve boosted market confidence. Markus Thielen believes that Bitcoin's dominance remains above 60%, and the trend model remains bullish. However, beneath the surface, a small group of Altcoin is quietly bottoming out, supported by genuine catalysts, including privacy coins gaining institutional attention and RWA infrastructure gaining market share in tokenized stocks.
