Global #Bitcoin

For the first time in 10 months, the global count of active Bitcoin ATMs has declined since July 2023. The United States and Canada jointly represent 91.4% of the total Bitcoin ATM network, with 31,089 (82.6%) machines in the U.S. and 2,909 (7.7%) in Canada.

Institutional investors have made a significant entrance into the cryptocurrency market, particularly following the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States.

Bitcoin (BTC) has surpassed the $71,000 threshold, marking its first time crossing this milestone since April 12. Presently, it's trading at $71,200.

Bitcoin, also known as BTC, experienced a significant rise in value, reaching new record highs in various countries across Asia and South America. Following a 7% surge in a single day.

In a recent analysis disseminated through X, well-known crypto analyst Ted (@tedtalksmacro) has presented compelling arguments indicating that the ongoing Bitcoin bull market is not yet at its conclusion.

Bitcoin developers are actively exploring decentralized finance (DeFi) to enhance Bitcoin's programmability, aiming to compete with Ethereum's capabilities. Recent breakthroughs such as Bitcoin Layer 2 networks, Runes, BRC-20 tokens, and software upgrades suggest that Bitcoin is on track to match Ethereum's adaptability, potentially driving significant market expansion.