Bitcoin staged a remarkable comeback after light US inflation data sparked optimism among investors. Discover how market dynamics are shifting and what this could mean for crypto’s future performance.
Bitcoin closed the trading week in the red, retreating from its recent high of US$108,530 in mid-December. This decline follows stronger-than-expected U.S. economic data, which has bolstered the dollar and reduced expectations for the US Fed to cut rates.
The convergence of artificial intelligence (AI) and blockchain, alongside the continued expansion of decentralised physical infrastructure network (DePIN), blockchain gaming, tokenisation of real-world assets (RWA), and the rise of utility tokens, is shaping the industry's future.
US inflation meets expectations boosting crypto markets with US$163 billion daily surge. Bitcoin ETF shatters records. MicroStrategy's likely addition to Nasdaq 100. ETH ETFs see US$1.3 billion inflows as ETH hits US$4k. The RBA holds rates steady.
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.
XRP surges with whale activity, driving price and market cap. The crypto market grows by 3.46% to US$3.39 trillion. Chainlink rises 29%, and HBAR sees a 700% rally. ASIC proposes expanded crypto regulations.