Global #Bitcoin

Institutional investors have made a significant entrance into the cryptocurrency market, particularly following the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States.

Bitcoin (BTC) has surpassed the $71,000 threshold, marking its first time crossing this milestone since April 12. Presently, it's trading at $71,200.

Bitcoin, also known as BTC, experienced a significant rise in value, reaching new record highs in various countries across Asia and South America. Following a 7% surge in a single day.

In a recent analysis disseminated through X, well-known crypto analyst Ted (@tedtalksmacro) has presented compelling arguments indicating that the ongoing Bitcoin bull market is not yet at its conclusion.

Bitcoin developers are actively exploring decentralized finance (DeFi) to enhance Bitcoin's programmability, aiming to compete with Ethereum's capabilities. Recent breakthroughs such as Bitcoin Layer 2 networks, Runes, BRC-20 tokens, and software upgrades suggest that Bitcoin is on track to match Ethereum's adaptability, potentially driving significant market expansion.

Over the weekend, both the total crypto market cap (TOTAL) and the price of Bitcoin (BTC) paused their recent rally. While there's a slight upward movement indicated by the intra-day candlestick being green, the bearish sentiment from the past couple of days seems to persist, leading to minimal overall growth today.

Renowned cryptocurrency analyst JackTheRippler recently echoed the positive sentiments expressed by Ripple CEO Brad Garlinghouse regarding the future of the company's native token, XRP.

Silver has made a remarkable resurgence against Bitcoin (BTC) this year, reclaiming its position as the 8th largest asset by market cap after losing ground in March.

Bitcoin (BTC) has seen a rise of over 8% this week, indicating continued interest from buyers even at lower price levels.

ether's recent revelation that it holds more US Treasuries than Germany has sparked discussions about stablecoin regulation, as its influence in the digital assets realm grows.

The institutional interest in Bitcoin (BTC) has reached unprecedented levels, as indicated by the latest 13F filings submitted by major financial institutions to the United States Securities and Exchange Commission (SEC).

Following the recent introduction of a spot Ethereum ETF in Hong Kong, OkLink, a prominent provider of blockchain data services, has expressed optimism regarding the potential approval of similar products for other leading blockchain protocols in the future.