Bitcoin keeps rallying strong! 🚀 On Thursday, it rose 1.4% to $108,127, just 4% shy of its May all-time high. Other major cryptos like Ethereum and XRP also gained, reflecting broad market strength. 📈
Geopolitical worries in the Middle East have eased, letting investors focus on key growth drivers. Clear Street analyst Brian Dobson highlights three main tailwinds: positive capital market moves, new stablecoin legislation, and rising Bitcoin prices. 🛠️
Notably, Circle Internet Group's successful IPO and the Senate’s stablecoin regulation bill are fueling optimism. Crypto stocks like MicroStrategy and Bitcoin miners Cipher Mining, CleanSpark, and Riot Platforms are also benefiting from this surge. 🔥
$BTC $ETH $XRP