Global #crypto market

Recently, Turkey’s regulatory authorities updated the list of firms applying for crypto business licenses, increasing the count from 47 to 76. This expansion sees heavyweight additions such as Coinbase, KuCoin, and Gate.io joining already approved major exchanges like Binance, Bitfinex, and OKX.

Bitcoin surged past $61,000 during early Asian trading on Wednesday, marking a recovery from a recent price drop. As a leading asset in the crypto market, Bitcoin’s performance often signals broader trends.

Arthur Hayes, the co-founder of BitMEX and Chief Investment Officer at Maelstrom Fund, has recently provided insights into the potential onset of the next "altcoin season" (altseason).

Benjamin Cowen, a prominent crypto strategist, has recently shared insights on the crypto market’s potential trajectory, emphasizing the Federal Reserve's role in influencing Bitcoin's performance.

In a dynamic week for the cryptocurrency market, several key events and trends have shaped the current landscape. As markets recover from recent turbulence, several significant developments and ongoing issues are coming into focus.

The cryptocurrency market is poised for significant volatility this week, with two major developments on the horizon: the release of the US Consumer Price Index (CPI) data and over $230 million in token unlocks.