The crypto bull market continues, with bitcoin surging past $90,000 on Coinbase, rebounding quickly after a modest pullback to the low-$85,000 level.
$940 million of leveraged derivatives trading positions in digital assets were liquidated recently, reflecting the intense volatility seen in the current crypto market.
Investors are flocking to cryptocurrencies driven by expectations of pro-crypto regulations under a new government, boosted by economic conditions that favor risk assets.
Institutions are increasingly motivated by government signals regarding crypto, suggesting that the anticipated changes in regulation are acting as a major catalyst for investment.
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