Bitcoin's current bull market performance and increased adoption by a new group of investors indicate a maturing market. The rise in hashrate by 50% and Realized Cap by 63% demonstrate investor confidence. Fidelity Digital Assets' report highlights the market's evolution towards maturity and deeper adoption. At block height 892,500, Bitcoin's value surged by 31% since the fourth halving. Fidelity's analyst, Daniel Gray, emphasized the network's resilience with a 50% increase in hashrate post-halving. The market is experiencing steadier growth compared to previous cycles, with the Puell Multiple stabilizing. The Realized Cap has also surged by 63%, showcasing increased capital inflows. Institutional participation, approval of Bitcoin ETFs, and corporate accumulation of Bitcoin further solidify its position as a credible asset class. Gray believes Bitcoin's fundamentals are stronger than ever, indicating a cycle of growth and market resilience. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC #ETF