On May 1, Bitcoin reached a significant milestone, trading at over $96,000, following a rebound from February's low of $78,900. This 21% increase since February and a 28% rise from April's bottom indicates a shift in Bitcoin's role in larger financial strategies. Analysts attribute this surge to steady purchases from BTC treasury firms and continuous inflows into Bitcoin exchange-traded funds (ETFs), highlighting an ongoing trend of institutional interest.
In other news, Charles Schwab announced plans to introduce spot cryptocurrency trading within the year, aiming to enhance its services for both retail and institutional investors. This move is part of Schwab's strategy to participate in the expanding digital asset market.
Additionally, 21Shares has partnered with Sui, a Layer-1 blockchain, to boost its offerings and research initiatives, signaling an uptick in institutional interest towards Sui's technology.
Also noteworthy is Eric Trump's announcement regarding the Trump family’s stablecoin, World Liberty Financial USD (USD1), which has been selected for MGX's $2 billion investment in Binance, indicating a growing acceptance of stablecoins in major crypto investments.
In other news, Charles Schwab announced plans to introduce spot cryptocurrency trading within the year, aiming to enhance its services for both retail and institutional investors. This move is part of Schwab's strategy to participate in the expanding digital asset market.
Additionally, 21Shares has partnered with Sui, a Layer-1 blockchain, to boost its offerings and research initiatives, signaling an uptick in institutional interest towards Sui's technology.
Also noteworthy is Eric Trump's announcement regarding the Trump family’s stablecoin, World Liberty Financial USD (USD1), which has been selected for MGX's $2 billion investment in Binance, indicating a growing acceptance of stablecoins in major crypto investments.
