#BTCBackto100K The cryptocurrency market appears to be experiencing a significant upward 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 partially attributed 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 rise in Bitcoin's price has also boosted the stocks of cryptocurrency-related companies, such as Coinbase, MicroStrategy (which heavily invests in Bitcoin), and Bitcoin miners Riot Platforms and Mara Holdings, which have seen increases in their stock prices.
Additionally, Bitcoin ETFs have recorded significant capital inflows, indicating growing institutional interest.
Regarding broader news:
New Hampshire has become the first U.S. state to authorize a cryptocurrency reserve, which could set a precedent for greater adoption at the state level. Initially, this would be limited to Bitcoin due to market capitalization requirements.
The increasing involvement of former President Trump in the cryptocurrency sector (with the launch of his meme coin $TRUMP and his involvement 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 realms of decentralized finance (DeFi), stablecoins, non-fungible tokens (NFTs), and Layer 2 solutions to enhance the scalability of blockchains.
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