Crypto Snapshot: Latest News and Trends
By SYGNAL
📈 Market News:
- Bitcoin ($BTC) surpassed $99,000 for the first time, driven by a surge in futures market activity during Asian trading. Analysts attribute this rally to post-election optimism about a more "crypto-friendly" administration. Ethereum ($ETH), Tether ($USDT), and Dogecoin ($DOGE) also gained traction as interest in the sector grows. (Forbes)
- The entire cryptocurrency market has surged 90% in 2024, marking a significant upward trend. (Forbes)
💸 Money Flow:
- ARK's Bitcoin ETF saw $267.3 million in inflows, while BlackRock's iShares Bitcoin Trust ETF options traded $1.9 billion on its first day, reflecting robust institutional interest in Bitcoin ($BTC). (CNBC)
🌐 Adoption and Usage:
- Acurx Pharmaceuticals announced plans to add up to $1 million in Bitcoin ($BTC) to its reserves, following in the footsteps of companies like MicroStrategy. (CNBC)
- BlackRock’s iShares Bitcoin Trust ETF options began trading on Nasdaq, with a remarkable 73,000 contracts traded within the first hour. (CNBC)
📜 Regulatory News:
- Pennsylvania passed a Bitcoin Rights Bill and proposed a strategic reserve, though the move faces skepticism due to Bitcoin’s volatility. (Forbes)
Bold move. Time will soon tell if it was the right one. I did it just the oposite. Thats lowered the amount of $USDT in portfolio.