๐ Market Highlights
Bitcoin (BTC) has surged past $100,000, reaching an intraday high of $101,370โthe highest since February 2025. This rally is attributed to improved market sentiment following the U.S.-UK trade agreement and optimism surrounding U.S.-China trade talks. Institutional interest is also on the rise, with $5.3 billion flowing into spot Bitcoin ETFs in the past three weeks.
Ethereum (ETH) has experienced a 13% rally, driven by increased investor interest as Bitcoin dominance declines.
Dogecoin (DOGE) has surged by 10%, reflecting renewed investor confidence in altcoins.
๐๏ธ Regulatory & Policy Developments
Coinbase is set to acquire derivatives exchange Deribit in a $2.9 billion deal, aiming to expand its offerings in the crypto derivatives market.
U.S. Legislation: Senate Democrats have introduced the "End Crypto Corruption Act," proposing a ban on federal officials and their families from investing in or endorsing digital assets. This move follows concerns over potential conflicts of interest related to former President Trump's involvement in a $2 billion crypto deal.
State-Level Initiatives: Arizona and New Hampshire have enacted laws permitting state involvement with cryptocurrencies, including the establishment of strategic Bitcoin reserves.
๐ Crypto in Real Estate & Education
Criminals are increasingly converting illicit funds into obscure cryptocurrencies and using them to purchase properties abroad, particularly in Dubai, and prepay private school fees, circumventing asset seizures.
๐ฎ Market Outlook
Bitcoin is trading at $104,625, with analysts projecting a potential rise to $120,000 in the second quarter of 2025, driven by institutional demand and favorable macroeconomic factors.