$BTC continues to rise: surpassed the mark of $100,000 and is being traded above $104,000. The cryptocurrency market is quite excited, with increased investor interest in mining contracts and altcoins.
Coinbase is also in the news: it closed a $2.9 billion deal to acquire a cryptocurrency options trading platform. It is speculated that Coinbase's inclusion in the S&P 500 index will increase demand for its shares.
There has been a notable influx of capital into cryptocurrency investment products, with global funds attracting $882 million last week, raising the total for the year to $6.7 billion. Cryptocurrency ETFs in the U.S. are also on the rise, with a cumulative net inflow of $62.9 billion since their launch in January 2024.
In summary, the Bitcoin and cryptocurrency market is robust, with significant price movements, increased investor interest, and strategic developments from major players like Coinbase.