Crypto Snapshot: Latest News & TrendsΒ Β
By SYGNAL
π Market News:
- Bitcoinβs Wild Ride: Bitcoin ($BTC) hit an all-time high above $108,000 but quickly fell below $93,000. It rebounded to $100,000 following a $20 trillion price prediction, reflecting market volatility. Analysts expect continued fluctuations due to macroeconomic factors. (CNBC) (Forbes) Β Β
- Ethereum and Major Altcoins Rebound: Ethereum ($ETH), Ripple's XRP ($XRP), and Dogecoin ($DOGE) recovered alongside Bitcoin, helping the crypto market regain $300 billion in value. (Forbes)
πΈ Money Flow:
- Tether's Treasury Holdings: Tether ($USDT)'s U.S. Treasuries stockpile drove record profits of $10 billion in 2024, showcasing the influence of stablecoin-backed assets. (Forbes)
π£οΈ Crypto Influencers:
- Cathie Woodβs Bold Prediction: Ark Investβs Cathie Wood reaffirmed her forecast of Bitcoin ($BTC) reaching $1 million by 2030, citing its potential to become a $20 trillion asset. (Forbes)
π Other Interesting Information:
Thank you @Silver, but always looking to improove π