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The post-election landscape has brought a noticeable shift in the crypto market, with clear signs of retail investors returning.
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.
The rally saw a surge of over 116% before closing with an 81.93% gain, marking XRP's strongest performance in three years, driven by optimism surrounding Ripple’s legal battle with the U.S. SEC and the potential for a more favourable regulatory environment.
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.