#CryptoComeback
Good morning$BTC
Here are some of the latest crypto news and updates:
Market Updates
- *Bitcoin Price*: Bitcoin surged past $103,000, with some analysts predicting it could reach $110,000 in May or even $150,000. Institutional demand and ETF inflows are driving the price up.
- *Ethereum Price*: Ethereum rallied 29% after a surprise surge, with some analysts expecting further upside. The price increase is attributed to shifting regulatory and investor sentiment.
- *Crypto Market Cap*: The global crypto market capitalization stands at $3.388 trillion, with a 0.0% change in the last 24 hours ¹ ².
Regulatory News
- *EU Crypto Tracking*: The European Union plans to track crypto transactions for more transparency, according to Eurogroup President.
- *US Stablecoin Bill*: A stablecoin bill stalled in the Senate after a 49-48 vote, leaving the framework in limbo.
- *SEC Criticism*: SEC Commissioner Caroline Crenshaw criticized the Ripple settlement, warning it may weaken the agency's crypto enforcement power ³.
Adoption and Partnerships
- *Steak 'n Shake Accepts Bitcoin*: American fast food chain Steak 'n Shake will accept Bitcoin payments nationwide.
- *Coinbase Acquires Deribit*: Coinbase acquired Deribit for $2.9 billion to add diversity to trading revenues.
- *Ripple Partners with Superstate*: SOL Strategies partnered with Superstate to pilot Solana equity tokenization