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On the 22nd, Bitcoin (BTC) broke through $88,000 while the US stock market fell by about 2% due to fears of global trade conflicts on the 21st. Major foreign media outlets pointed out that as Bitcoin rose even when major big tech stocks plummeted, it not only successfully decoupled from the US stock market but also followed the trend of gold. Cryptocurrency media outlet Cointelegraph reported that Bitcoin is mimicking the flow of gold, which is setting new all-time highs.
2. WSJ: "Cryptocurrency Firms Including Circle Seek Bank Licenses"
The Wall Street Journal reported on the 22nd, citing testimonies from key sources, that multiple cryptocurrency firms such as Circle, Bitco, Coinbase, and Paxos are challenging to obtain bank licenses in the US following progress on stablecoin regulatory proposals.
3. Arthur Hayes: "Bitcoin Will Surpass $100,000 Due to US Treasury Asset Purchases"
On the 21st, Arthur Hayes, CEO of BitMEX, predicted Bitcoin's rise through his X account, citing US Treasury asset purchases and the resulting dollar weakening. He emphasized that the US Treasury's asset purchases will drive Bitcoin's rise and that investors have a last chance to buy Bitcoin below $100,000.
4. Bloomberg Researcher: "Over 70 Cryptocurrency ETFs Awaiting Approval This Year"
Eric Balchunas, a Bloomberg ETF researcher, pointed out on the 21st through his X account the number of cryptocurrency spot ETFs currently under SEC review, forecasting that numerous cryptocurrency spot ETFs will be approved this year. He explained that ETF applications for various tokens including XRP, LTC, SOL, Doge, and Melania Token have been submitted to the SEC, with many likely to be approved.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
