2025-05-11 Market Watch: Bitcoin nears $104K, UK embraces crypto, and more!

Here is what happened yesterday in the crypto market:

Coinbase’s Bitcoin Strategy: Not Just a Maximalist Play

Coinbase is strategically incorporating Bitcoin into its corporate balance sheet, but it’s taking a different approach compared to Bitcoin maximalists like Michael Saylor’s MicroStrategy.
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Dogecoin Soars as Bitcoin Approaches $104K Amid Risk-On Sentiment

Dogecoin experienced a 10% surge while Bitcoin neared the $104,000 mark, signaling renewed ‘risk-on’ sentiment in the crypto market.
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UK Aims to Become a Crypto ‘Safe Harbor’ with New Regulations

The UK is developing comprehensive regulations to become a global hub for digital assets, potentially attracting crypto businesses with its clear legal framework.
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El Salvador Continues to Accumulate Bitcoin Despite IMF Concerns

El Salvador’s government has added 7 more Bitcoins to its national reserve, even with an existing agreement with the International Monetary Fund (IMF) that discourages such actions.
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Ethereum Poised for Further Gains After 29% Rally

Ethereum’s price shows potential for continued upside momentum following a surprise 29% rally, driven by factors including renewed interest in spot ETH ETFs.
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