Bitcoin surpasses $105,000, Ethereum rebounds, and regulatory surprises shake the market!
📈 Major market movements:
• Bitcoin ($BTC ): jumped above the $105,000 barrier for the first time since February, driven by a drop in the U.S. inflation index to 2.3%, boosting expectations for interest rate cuts by the Federal Reserve.
• Ethereum ($ETH ): rose by 30% this week, reaching $2,716, supported by the “Pectra” update that improved transaction speed and reduced costs.
• Ripple ($XRP ): recorded a 20% increase, reaching $2.58, amid increasing institutional flows and expectations for the launch of its own ETF.
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🏦 Regulatory and institutional developments:
• United States: SEC Chairman announces plans to facilitate compliant token sales, indicating a significant shift in the regulation of cryptocurrencies.
• Circle:
filed for a $5 billion public offering amid fierce competition in the stablecoin market.
• FalconX and Standard Chartered:
Strategic partnership to provide cryptocurrency trading services to institutions, starting from Singapore and expanding to Asia, the Middle East, and the United States.
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🌍 Global developments:
• United Kingdom:
Launch of the GFO-X platform, the first regulated digital asset derivatives trading platform with centralized clearing in London, supported by M&G and approved by the Financial Conduct Authority.
• Germany: authorities seize digital assets worth €34 million from the “eXch” platform following investigations into illegal activities.
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📊 Market overview
• The market capitalization of cryptocurrencies: surpassed $3.5 trillion, with Bitcoin's market share at 58.9% and Ethereum at 9.21%.
• Future forecasts: Analysts expect the positive momentum to continue, with the possibility of Bitcoin reaching new record levels in the coming months.
