Bitcoin Soars to $81,500 as Tokenization Push Lifts Bullish, Galaxy, Centrifuge

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<a href="https://jpykr.com/btc-usd/">Bitcoin</a> extends gains to $81,500 as tokenization push lifts Bullish, Galaxy, CentrifugeMarkets

What to know:

  • Bitcoin climbed to $81,500 on Tuesday, extending a rally fueled by more than $500 million of inflows into spot bitcoin ETFs led by BlackRock and Fidelity.
  • The latest leg of the crypto rally is concentrating in tokenization plays, with shares of Bullish, Galaxy Digital, and native token of Centrifuge gaining on tokenization-related news.

Bitcoin’s price rose on Tuesday, reaching $81,500 – its highest point since January. This latest increase isn’t just affecting major cryptocurrencies; it’s also boosting interest in projects focused on tokenization.

Bitcoin, the leading cryptocurrency, continued its climb, increasing by 2% in the last day. It’s now over 35% higher than its lowest point in early February. Other cryptocurrencies like Ether, XRP, and Solana also saw gains, but not as quickly as Bitcoin.

The growing interest in spot bitcoin ETFs is driving recent market gains, according to Paul Howard, a senior director at Wincent. On Monday alone, over $500 million was invested in these funds, particularly those from BlackRock and Fidelity, indicating continued strong demand from major investors.

He believes the current optimistic outlook will likely continue as long as there aren’t significant negative changes in global politics.

Tokenization theme gains traction

This happened at the same time as growing interest in tokenization, which aims to integrate traditional financial assets with blockchain technology.

Bullish (BLSH) stock jumped 12% after revealing its $4.2 billion purchase of Equiniti, a company that provides services for managing financial assets. This deal expands Bullish’s presence in the financial technology sector. Notably, Bullish is the owner of CoinDesk.

The deal marks a shift beyond trading, said Owen Lau, analyst at Clear Street.

As a crypto investor, I’m seeing this acquisition as Bullish making a smart move to become more than just an exchange. They’re positioning themselves to be a core part of the future of tokenized assets, which I think is huge. The CEO mentioned it’s less about *if* this will work, and more about *when* it will start generating consistent revenue and better profits. That’s reassuring – they seem confident in the long-term viability.

I’m watching Galaxy Digital (GLXY) closely, and it jumped almost 4% today after they announced a new tokenized cash-management fund with State Street, aimed at big investors. It’s good to see other companies building the infrastructure for crypto also doing well – a rising tide lifts all boats, right?

As a crypto investor, I was really excited to see Centrifuge (CFG) jump 15% today. Coinbase announced they’re partnering with Centrifuge to bring things like ETFs and other financial products onto the blockchain. This is a big deal because it shows major institutions are starting to take decentralized finance seriously. Plus, Coinbase actually bought a piece of Centrifuge, which is another strong signal that they believe in the project’s potential.

Tokenization is attracting investors because it’s a rapidly expanding area that combines blockchain technology with traditional finance. Experts at Ripple and BCG estimate the value of tokenized assets, like stablecoins, could reach $18.9 trillion by 2033.

While most crypto stocks went up, Circle (CRCL) and Coinbase (COIN) both dropped slightly – around 3-4% – after seeing gains yesterday. This indicates investors might be shifting their money around within the crypto market.

Stocks overall also rose today, with the technology-focused Nasdaq 100 reaching a new high, up 1.2%, and the S&P 500 gaining 0.8%.

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2026-05-05 21:57