"The bitcoin price is currently pumping and hit highs of $94,640 today, climbing over 4% in the last 24 hours. Bitcoin's 24-hour trading volume reached $46 billion. It stands at its seven-day high. The total circulating supply of Bitcoin is 19,959,806 BTC, with a maximum supply of 21 million. Today's market capitalization is roughly $1.86 trillion, reflecting the 4% daily gain."
"Earlier today, Jack Mallers' Bitcoin company, Strike, and Twenty One rang the opening bell at the New York Stock Exchange. The company holds over 43,500 BTC - around $4 billion - making it the world's third-largest publicly listed Bitcoin holder. Majority-owned by Tether Investments and Bitfinex, with SoftBank as a significant minority investor, the company blends a Bitcoin treasury strategy with operational Bitcoin-focused financial services under CEO Jack Mallers."
"Investors are also paying close attention to macroeconomic signals. Ark Invest CEO Cathie Wood said that the Bitcoin price's four-year cycle may shift. She suggested the market may have already seen its lows. Neuberger CIO Shannon Saccocia also noted that expected Federal Reserve rate cuts and gains in AI-driven productivity could lift equities and other risk assets. Stocks often perform well when the economy avoids recession and the Fed is easing."
Bitcoin climbed to $94,640, up over 4% in 24 hours with trading volume of $46 billion, a seven-day high. Circulating supply is 19,959,806 BTC of a 21 million maximum, yielding a market capitalization near $1.86 trillion. Momentum included the Bitcoin MENA conference in Abu Dhabi. Strike and Twenty One rang the New York Stock Exchange opening bell; the company holds over 43,500 BTC and is backed by Tether, Bitfinex, and SoftBank. Cathie Wood suggested the four-year cycle may shift and markets may have seen lows. Neuberger's Shannon Saccocia said expected Fed rate cuts and AI productivity gains could lift risk assets. PNC Bank launched direct spot bitcoin trading for eligible private clients via Coinbase infrastructure.
Read at Bitcoin Magazine
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