🚀 Bitcoin Surges Past $87K Amid Market Rally
Bitcoin (BTC) has climbed above $87,000, driven by macroeconomic uncertainty, a weakening U.S. dollar, and renewed institutional interest. The rally is also influenced by President Trump's recent comments about terminating Federal Reserve Chair Jerome Powell, which has led to a decline in the dollar and a rise in both BTC and gold prices CoinDesk
U.S. Establishes Strategic Bitcoin Reserve
🏦 President Trump has signed an executive order to create a Strategic Bitcoin Reserve, utilizing approximately 200,000 BTC forfeited to the U.S. Treasury. This move aims to position Bitcoin as a national reserve asset, signaling a significant shift in U.S. crypto policy.
🪙 Altcoins to Watch This Week
BeInCrypto highlights three altcoins with notable developments:
TUT: Stable near $0.027, with potential to reach $0.039.
Injective (INJ): Up 17% ahead of the Lyota Mainnet Upgrade; testing $9.11 resistance.
Binance Coin (BNB): Facing a critical test at $611, with potential upside to $647 if the Lorentz opBNB hardfork succeeds .
💸 Major Crypto Hack: Bybit Loses $1.4B
Bybit has suffered a significant security breach, resulting in the loss of $1.4 billion in crypto assets. Over $380 million worth of the stolen crypto has gone dark, raising concerns about security in the crypto exchange industry .
🌐 Circle Launches New Payments and Remittance Network
Circle is unveiling a new payments and cross-border remittance product, aiming to enhance the utility of its USDC stablecoin in global transactions .
📈 Institutional Investments and Market Movements
Metaplanet: Purchased an additional 330 BTC, bringing its total holdings to over $400 million .
GSR and Upexi: GSR anchors a $100 million investment in Upexi to purchase Solana (SOL), causing Upexi's stock to surge by 700% .
