Bitcoin continues its strong performance, reaching new heights and setting record prices in the market. Experts posit that an aggressive Q3 surge is still possible. Despite the volatility in traditional stocks, cryptocurrencies, particularly Bitcoin, have steadily rallied towards a record $112,000. The cryptocurrency's new highs can partly be attributed to a crisis ongoing in the
Japanese bond market. Among meme coins, high-risk, high-reward picks are gaining momentum with investors for their potential in a bull run. This trend is evident in the rise of
Trump Meme Coin, putting on a strong showing in high-net-worth crypto networking events. Other key players such as
Ethereum are also witnessing their transaction fees reaching three-month highs.
Cryptocurrency stocks are likewise rising as Bitcoin sets fresh all-time highs. However, an aspect of caution is urged as overly euphoric bulls could indicate an 'overheating' market. The
open interest in Bitcoin also hit a record high, signaling a bullish stampede.
BlackRock's Bitcoin ETF notched a two-week high inflow as BTC comes close to $112K. Further, a
Stablecoin Bill advancing in the Senate added to the upward momentum of BTC's price. Nevertheless, other cryptocurrencies, such as
Frogs, Dogs, and $Pun, may have a say in how the marketplace shifts in the coming years.
HIGH Coin News Analytics from Tue, 29 Oct 2024 07:00:00 GMT to Wed, 28 May 2025 03:05:14 GMT -
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