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The crypto market has recorded its fifth consecutive week of growth, as the total market capitalisation climbed by 6.76% to reach US$3.62 trillion. Bitcoin spearheaded this surge, breaking past the significant US$100,000 mark for the first time.
An Australian MP emphasises the rising significance of digital assets and blockchain, while crypto markets prepare for Bitcoin's $100,000 milestone. Analysts predict Bitcoin's $93K dip may be the final drop before a surge, as Australia lags in crypto innovation.
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.
Until recently, DeFi tokens have been largely labelled as "useless governance tokens", tokens which serve no value other than voting on protocol changes via governance voting rights.
In a Cointelegraph article, Charlie Sherry, Head of Finance at BTC Markets, explained how DeFi tokens surged over 30% as traders anticipate the Trump administration boosting the "investment appeal" of holding "utility" tokens, according to industry analysts.
You might be wondering, ‘what is an airdrop in crypto?’. It’s a common question as drops are becoming a popular phenomenon in the cryptocurrency community. These events involve distributing free tokens or coins to a wide audience.