Here is what happened yesterday in the crypto market:
Bitcoin Breaches $107K, Analysts Predict Summer Record Highs
Bitcoin surpassed $107,000, defying the traditional “Sell in May” adage. Analysts suggest this summer could see new record highs, breaking from historical trends. Read more
Ether Surges as Traders Bet Big on $6K ETH
Ether experienced an 8% surge, with traders investing heavily in $6,000 ETH call options. Block traders, including institutions, are executing bull call spreads, signaling strong confidence in Ether’s continued rally. Read more
NYC Mayor Launches Crypto Advisory Council
New York City is establishing a digital assets advisory council to attract fintech jobs. Mayor Eric Adams aims to position NYC as a hub for the crypto industry. Read more
Genesis Files Lawsuits Against DCG and Barry Silbert for Alleged Fraud
Crypto lender Genesis has filed lawsuits against Digital Currency Group (DCG), CEO Barry Silbert, and other executives, seeking to recover billions in allegedly fraudulent transfers and mismanagement. Read more
JPMorgan to Allow Clients to Buy Bitcoin
JPMorgan Chase will soon allow its clients to purchase Bitcoin, according to CEO Jamie Dimon. However, the bank will not provide custody services for the cryptocurrency. Read more