Bitcoin surged to an all-time high of $124,283, briefly overtaking Alphabet's market cap of $2.448 trillion, but pulled back to $118,000 due to profit-taking and U.S. inflation concerns. This fluctuation points to Bitcoin's maturing market dynamics, bolstered by substantial institutional participation, including billions in Bitcoin ETF inflows and corporate treasury adoption. Norway's sovereign wealth fund has gained indirect exposure to Bitcoin through strategic investments. A recent executive order by President Trump allows 401(k) investments in Bitcoin, potentially directing $12.5 trillion in retirement savings into the cryptocurrency market, fueling optimism as total crypto market cap exceeded $4 trillion.
Bitcoin reached an all-time high of $124,283, briefly surpassing Alphabet's market capitalization, signaling its growing institutional prominence despite volatility.
The recent surge in Bitcoin's price and subsequent correction demonstrate maturing market dynamics, marked by stronger institutional support and more robust price levels.
U.S.-listed Bitcoin ETFs have seen billions in net inflows recently, reflecting unprecedented institutional adoption and corporate treasury investments in Bitcoin.
President Trump's executive order enabling 401(k) accounts to invest in Bitcoin presents a potential influx of $12.5 trillion in retirement savings into cryptocurrency.
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