Here is what happened yesterday in the crypto market:
Bitcoin Bounces Back Above $102K After Middle East Tensions
Bitcoin quickly responded to the recent geopolitical events in the Middle East, particularly the Iranian strikes. After an initial dip to $99,500, Bitcoin rebounded by 2.9% to trade above $102,400, showcasing its resilience in the face of global uncertainties.
Read more
Cardone Capital Adds 1,000 BTC to Balance Sheet
Grant Cardone’s real estate firm, Cardone Capital, has made a significant move by adding 1,000 BTC to its balance sheet. This decision underscores a growing trend of institutional adoption of Bitcoin as a treasury asset, with the firm eyeing a total of 3,000 BTC in its holdings.
Read more
Ethereum Surges Following Ceasefire Announcement
Ether (ETH) experienced a notable surge, climbing 9% to trade at $2,420, after former U.S. President Donald Trump announced a ceasefire agreement. The market reacted positively to the news, reflecting a broader recovery in the crypto sector.
Read more
Texas to Create Bitcoin Reserve
Texas has become the first U.S. state to establish a publicly funded Bitcoin reserve. Governor Greg Abbott signed Senate Bill 21 into law, directing the state to create a stand-alone bitcoin reserve, signaling a strong endorsement of cryptocurrency at the state level.
Read more
Metaplanet Buys 1,111 More Bitcoin
Metaplanet, a Tokyo-listed company, continues its Bitcoin accumulation strategy by purchasing an additional 1,111 BTC for $117 million. This latest acquisition brings their total holdings to over 11,000 BTC, solidifying their position as a significant corporate holder of Bitcoin.
Read more