📈 Rising Market: Bitcoin and Altcoins at Recent Highs
Bitcoin (BTC) has surpassed $94,000, reaching its highest level in weeks. This surge is attributed to factors such as a "short squeeze," advances in the trade war, and positive technical signals.
Ethereum (ETH) is also showing strong performance, trading around $1,802, with a 5.84% increase in the last 24 hours.
Other cryptocurrencies like SUI, Solana (SOL), and Cardano (ADA) have recorded significant increases, with SUI leading with a 20% rise.
🏦 Institutional Investment and ETFs Drive the Market
Bitcoin exchange-traded funds (ETFs) have seen net inflows of $936 million, reflecting renewed institutional interest in the asset.
Companies like Riot Platforms have obtained Bitcoin-backed loans, highlighting the growing integration of cryptocurrencies into traditional finance.
📰 Other Relevant News
Ubisoft has announced a collaboration with the Web3 firm Immutable to launch Might & Magic: Fates, a strategic card game based on blockchain.
PayPal will offer a 3.7% annual yield to users of its stablecoin PYUSD, aiming to incentivize its adoption.
The cryptocurrency TRUMP has experienced a 70% increase following the announcement of an exclusive presidential dinner for top token holders.