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Share link:In this post: One Bitcoin is now more valuable than 1kg of gold as BTC breaches $89k. Analysts believe Bitcoin is just getting started and is still due for more value rallies. The Bitcoin industrial complex recorded $38 billion in daily trading volume, with BTC ETFs and MSTR and COIN stocks attracting record market interest.
Quick Take BlackRock’s BUIDL fund, tokenized by Securitize, is expanding from Ethereum to the Aptos, Arbitrum, Avalanche, Optimism and Polygon blockchains. BUIDL currently leads the tokenized government securities niche with $517 million in assets under management — equivalent to a market share of roughly 22%.
Quick Take Pepe surged in price following Robinhood’s announcement that it has listed the memecoin for spot trading, and an update from Coinbase revealing it will also list the token later today. The memecoin has surged by over 30% in the past hour, and over 40% in the past 24 hours.
Quick Take Bitcoin and crypto industry advocate Pete Hegseth has been nominated for Secretary of Defense by President-elect Donald Trump. Hegseth recently said Trump is “making bitcoin great again” amid the more crypto-friendly regulatory environment anticipated under his administration.
Quick Take President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE). In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency’s early stage comes to an end and the asset “matures.” Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million
- 01:16MetaMask to Support Native SOL This MonthAccording to the co-founder of MetaMask, native SOL support is planned for this month.
- 01:16Grayscale's Head of Research: Bullish on Bitcoin from a Macro PerspectiveBitcoin's dominance in the cryptocurrency market has recently declined, but analysts point out that this does not necessarily mean an "altcoin season" is imminent. Grayscale's Head of Research, Zach Pandl, stated that Bitcoin's dominance might increase when the market focuses on macroeconomic instability and risks facing the dollar; however, when the market focuses on various applications of blockchain technology and innovations in the crypto space, Bitcoin's dominance may decrease. Zach Pandl added that from a macro perspective, he remains bullish on Bitcoin; while from the standpoint of technological development and user adoption, he is also optimistic about altcoins.
- 01:15The price of 1 Bitcoin is approximately equal to the price of 1 kilogram of goldMarket data shows that the current price of 1 Bitcoin is around $102,900, which is almost equivalent to the price of 1 kilogram of gold.