Bitcoin’s recent dip to US$93,000 has sparked speculation about whether this marks the final correction before breaching the highly anticipated US$100,000 milestone.
Our CEO, Caroline Bowler, has addressed a pressing concern in an opinion piece published by The Australian Financial Review: Australia’s need to embrace cryptocurrency innovation to avoid being left behind.
In the last trading week, the cryptocurrency market saw significant gains, driven by positive sentiment and key developments across various coins.
BTC ETF options drove record growth, while Ethereum ETFs saw US$515 million in inflows. Solana prices soared, and speculation grew over Trump’s SEC Chair pick amid Ripple case developments. Chainlink partners on Brazil's CBDC pilot.
In my last report, I highlighted a liquidity-driven price forecast for Bitcoin, which is ascending to global reserve asset status as the best hedge against monetary debasement. This link with currency debasement has held up fairly well over Bitcoin’s short history.
Bitcoin surges to a new all-time high, eyeing US$100k as market confidence grows. ETFs see record inflows, driven by Ethereum’s rally and rising institutional interest. Meanwhile, US inflation stabilises and Australia’s consumer confidence dips, signalling mixed economic signals across global markets.