Last week, the crypto market continued to be dynamic with many significant developments from Bitcoin, stablecoins, digital mining to legal policies. Here are the most prominent news items:

1. Bitcoin Approaches $105,000

Bitcoin had a very active trading week as the price surpassed $104,000, getting closer to $105,000. This upward momentum was driven by:

✅ Large inflows from Bitcoin Spot ETF funds.
✅ Increased interest from investment institutions.

Many experts predict that Bitcoin could reach $120,000 this year if this trend continues.

2. Tesla Adjusts Bitcoin Valuation – $600 Million Profit

Tesla has just reported a $600 million profit from Bitcoin after applying new accounting rules.
🔹 The value of digital assets from #Tesla increased from $184 million to $1.076 billion.
🔹 The company holds 11,509 BTC, continuing to be one of the largest Bitcoin holders.
🔹 Tesla's stock rose 4.3% after this news, showing investor confidence in Bitcoin.

3. DCG Launches Bitcoin Mining Company – A New Trend in Mining

Digital Currency Group (DCG) has just launched Fortitude, a company specializing in Bitcoin mining and other Proof-of-Work assets.
📌 Highlights:
✅ Bitcoin mining profits are currently at a record high as BTC prices are four times the mining costs.
✅ Fortitude is not only focused on Bitcoin but also seeks high-profit altcoins.#PoW with high profitability.
✅ DCG is leveraging coin mining to recover financially after legal lawsuits.

DCG's involvement in Bitcoin mining demonstrates that the mining sector remains extremely attractive, even for large corporations.

4. Fed Chairman: U.S. Banks Can Serve Crypto Customers

Federal Reserve Chairman Jerome Powell has just made an important statement:
🔹 U.S. banks can "fully" serve crypto customers.
🔹 There are no policies preventing banks from accessing crypto, as long as they manage risks well.
🔹 This is seen as a significant step towards the legalization of crypto in the U.S.

This statement opens up many new opportunities that could promote the development of stablecoins, payment services, and crypto custody.

5. Tether Under Spotlight in U.S. Senate Hearing

Howard Lutnick, a billionaire supporter of Bitcoin and a candidate for U.S. Secretary of Commerce, faced questioning about his connection to Tether during a Senate hearing.
📌 Notable points:
✅ Lutnick affirmed that Tether needs to undergo transparent auditing to ensure market trust.
✅ He argued that Tether being used by criminals is no different from Apple being used to conduct illegal transactions.
✅ Some U.S. politicians, including Elizabeth Warren, still express concern about the impact of #Tether on global finance.

This event indicates that stablecoins are becoming a focal point of policy in the U.S., with the potential for tighter regulations in the near future.

6. Altcoin Market: The Rise of Layer 2 & AI Coin Projects

While Bitcoin is booming, many altcoin projects are also experiencing strong growth:
✅ Layer 2 (Ethereum, Polygon, Optimism): Prices of Layer 2 tokens such as $OP , $ARB , $POL are all up 15-30% due to network expansion demand.
✅ AI Coin (Fetch.ai, SingularityNET, Render): AI-related projects are also attracting significant capital as AI continues to develop.

This shows that investors are looking for new opportunities beyond Bitcoin, especially projects with high applicability.

In summary:

Last week, the crypto market witnessed many significant events that strongly impacted prices and investment trends.
📌 Bitcoin continues to surge, Tesla's accounting adjustments help increase the value of digital assets.
📌 DCG expands Bitcoin mining, showing that mining remains very promising.
📌 U.S. policies show signs of being more open to crypto, especially stablecoins.
📌 Altcoins, especially Layer 2 and AI coins, are showing signs of strong growth.

With these developments, the crypto market is entering a crucial phase before Halving, promising many new opportunities for investors! 🚀