Here is what happened yesterday in the crypto market:
Bitcoin Market Cap Tops $2.2T as Derivatives Signal Upside
Bitcoin’s market capitalization has surged past $2.2 trillion, with derivatives and market sentiment suggesting further potential gains. This resurgence indicates strong confidence in Bitcoin’s continued growth.
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Crypto Market Sees $300M Liquidations Amid Trump’s Tariff Threats
Donald Trump’s recent tariff threats triggered over $300 million in liquidations in the crypto market. Traders betting on a steady Bitcoin rally were caught off guard by this headline risk, causing a significant market shakeup.
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Major U.S. Banks Consider Joint Stablecoin Launch
Top U.S. banks, including JPMorgan Chase and Bank of America, are exploring the possibility of launching a joint stablecoin to compete with existing cryptocurrencies. This move could signal a significant shift in how traditional finance engages with the crypto space.
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US Bitcoin ETFs Near Record Month After $1.5B Inflows in 2 Days
Spot Bitcoin ETFs in the United States are on track for a record-breaking month, driven by substantial inflows that helped push Bitcoin to new all-time highs. Increasing institutional demand is fueling this surge.
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DeFi’s Low Onboarding Costs Can Aid 1.4B Unbanked
Decentralized finance (DeFi) platforms offer a major cost advantage over traditional banks in onboarding new users, potentially benefiting the world’s 1.4 billion unbanked individuals, according to 1inch co-founder Anton Bukov.
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