Overview
- Bitcoin is trading at $95,487, rising 1.5% in the past 24 hours and 9.1% over the past week, according to Lemon data.
- The appointment of Paul Atkins, a pro-crypto advocate, as SEC chairman under the Trump administration has strengthened market confidence.
- The narrative of Bitcoin as 'digital gold' gains traction due to a weakening dollar and heightened geopolitical tensions, particularly between the U.S. and China.
- Argentina has seen an 11% increase in Bitcoin holders since late 2024, with 668,000 unique users now owning the cryptocurrency.
- Macroeconomic uncertainty and potential Federal Reserve rate changes are driving both short-term volatility and long-term interest in cryptocurrency investments.