#BTCBackto100K the cryptocurrency market appears to be experiencing a significant bullish trend in the last 24 hours.
According to the latest information:
The global cryptocurrency market capitalization has increased by 6.15% in the last day, reaching $3.26 trillion. This suggests renewed interest and capital inflow into the market.
Bitcoin has surpassed the $100,000 mark for the first time in three months, trading around $101,000. This increase is attributed, in part, to the optimism generated by a trade agreement between the United States and the United Kingdom, as well as the prospect of more agreements.
This increase in the price of Bitcoin has also boosted the stock of companies related to cryptocurrencies, such as Coinbase, MicroStrategy (which invests heavily in Bitcoin), and Bitcoin miners Riot Platforms and Mara Holdings, which have seen increases in their stock.
Additionally, Bitcoin ETFs have recorded significant capital inflows, indicating growing institutional interest.
Regarding broader news:
New Hampshire has become the first state in the U.S. to authorize a cryptocurrency reserve, which could set a precedent for greater state-level adoption. Initially, this would be limited to Bitcoin due to market capitalization requirements.
The growing involvement of former President Trump in the cryptocurrency sector (with the launch of his meme coin $TRUMP and his participation in World Liberty Financial) is generating political divisions in Congress and affecting the advancement of legislation on digital assets.
Trends are being observed in the field of decentralized finance (DeFi), stablecoins, non-fungible tokens (NFTs), and Layer 2 solutions to improve the scalability of blockchains.
In summary, there appears to be a notable bullish momentum in the market right now, led by Bitcoin and accompanied by positive news regarding institutional and state adoption. However, there are also political and regulatory factors that could influence the future.