#BTCvsMarkets
Bitcoin is Back!
After weeks of going nowhere, Bitcoin finally jumped! It passed $95,000 this week—up 12%—thanks to better news in the economy and fewer worries about trade tariffs.
Big investors like banks and government funds started buying more Bitcoin, while everyday traders were pulling money from Bitcoin ETFs. A new company called Twenty One Capital launched too, holding a huge 42,000 BTC, backed by Tether, Bitfinex, and SoftBank.
More good news: Bitcoin is now the fifth biggest financial asset in the world—yes, it even passed Google!
Other coins also had a good week. The CoinDesk 20 Index, which shows the top cryptos, went up over 10%. People in the options market also seem more confident about holding Bitcoin through ups and downs.
Not everything was perfect. The new $ZORA token didn’t do great on its first day—many traders are cautious about new coins from big investors.
But crypto culture is still booming. The TV show Peaky Blinders launched a Web3 game and ecosystem. And stablecoins are growing fast too—Circle is launching a new global payment network, and Coinbase now lets users swap dollars for PayPal’s PYUSD stablecoin for free.
Bottom line? Bitcoin and stablecoins are leading the way. Things are heating up again.