The global financial markets are bracing for a new busy week, as several major U.S. economic events are expected to significantly impact the growth outlook for bitcoin and cryptocurrencies.
As Bitcoin breaks records, its mainstream adoption seems all but assured. The path to $100,000 is now within reach — signaling a new era for both cryptocurrency and traditional investment portfolios.
The cryptocurrency market witnessed a powerful surge as Bitcoin reached a new high of $89,500, pushing the total market capitalization to a record level.
Dogecoin has surged past USDC, entering the top six largest cryptocurrencies by market capitalization, driven by the influence of Elon Musk and the Trump administration.
MicroStrategy reveals an ambitious $42 billion plan over 3 years to acquire more Bitcoin, strengthening its commitment to BTC amid market fluctuations.
Bitcoin, the largest cryptocurrency, soared to a seven-month peak of $73,620 on October 29 and early October 30, marking a 5% rise within the past 24 hours.
Jeff Park, Head of Alpha Strategy at Bitwise, has predicted that Bitcoin could surge to $92,000 if Donald Trump wins the upcoming U.S. presidential election.
Tesla, led by billionaire Elon Musk, continues to hold Bitcoin valued at $780 million, despite recent large transactions involving its cryptocurrency assets.