PANews May 3 news, 10x Research CEO Markus Thielen stated on the X platform that the recent high-profile Bitcoin 2026 conference held in Las Vegas initially pushed the price up to around $79,500, but the “buy the rumor, sell the news” effect led to a brief consolidation. Subsequently, sustained institutional interest, continued accumulation by corporate treasuries, and advisors from the White House hinting at the upcoming announcement of significant national strategic reserves boosted market confidence. Markus Thielen believes that Bitcoin's dominance remains above 60%, the trend model is still bullish, but beneath the surface, a small group of altcoins is quietly bottoming out, supported by real catalysts, including privacy coins gaining institutional attention, and RWA infrastructure capturing market share in tokenized stock markets.

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