📊 Market Highlights
Bitcoin (BTC): Recently surpassed the $100,000 mark, reaching an intraday high of $101,370—the highest since early February 2025. This surge is attributed to improved market sentiment following a U.S.-U.K. trade agreement and increased institutional interest, with inflows into spot Bitcoin ETFs totaling $5.3 billion over the past three weeks. Reuters+2Business Insider+2Investopedia+2
Ethereum (ETH): Trading around $2,488.84, Ethereum has seen a 3.5% increase, bolstered by the successful implementation of its long-awaited Pectra upgrade. CoinDesk
Altcoins: Bitcoin's dominance has declined to 63.89%, indicating a capital rotation into altcoins. Ethereum surged nearly 13%, while major altcoins like Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) rallied over 6%. Coinpedia Fintech News+1BeInCrypto+1
🏛️ Regulatory Developments
U.S. State Legislation: Arizona and New Hampshire have enacted laws permitting state involvement with cryptocurrencies. Arizona's House Bill 2749 allows the state to maintain a reserve of unclaimed cryptocurrency property, while New Hampshire's House Bill 302 permits officials to invest up to 5% of public funds in major cryptocurrencies and precious metals. Axios
Institutional Moves: Coinbase has agreed to acquire Deribit, a Dubai-based crypto derivatives platform, for $2.9 billion. This strategic acquisition positions Coinbase to capitalize on the expected surge in institutional interest in cryptocurrency options. Financial Times+1Axios+1
📈 Current Prices
Bitcoin $BTC
Ethereum $ETH
The cryptocurrency market is showing robust growth, with Bitcoin leading the charge and altcoins gaining momentum. Regulatory advancements and institutional investments are further solidifying the market's foundation.
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