The crypto market is buzzing with action right now. ๐#BTCBreaksATH110K
Here are 5 key headlines that are moving the needle this week:
1๏ธโฃ Bitcoin Hits New All-Time High: BTC has surged past $111,000, setting a new all-time high and pushing its market cap to $2.1 trillion. ๐
2๏ธโฃ Stablecoin Regulation Advances in US Senate: A bipartisan bill (the GENIUS Act) creating a federal regulatory framework for stablecoins has advanced in the U.S. Senate. This could bring much-needed clarity to the stablecoin market. ๐๏ธ
3๏ธโฃ Texas Eyes Strategic Bitcoin Reserve: Texas lawmakers have passed a bill that could make the state the third in the US to establish a strategic Bitcoin reserve. Could more states follow suit? ๐ค
4๏ธโฃ DeFi Loans Hit Record Highs: Active DeFi loans have soared to an all-time high of $23.7 billion, indicating strong demand for on-chain leveraging and higher yields in the decentralized finance space. ๐ธ
5๏ธโฃ NFT Market Cap Surges to $4.8B: The NFT market is seeing a major resurgence, with its market cap reaching $4.8 billion, driven by increased utility, especially in Web3 gaming an
metaverse integrations. ๐ฎ