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Bitcoin whales have sold about 66% of the Bitcoin they recently accumulated since Wednesday, according to crypto sentiment platform Santiment.
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Latest News on Adoption
In general, adoption, as it relates to the technology world, is the process of something becoming more widely used and well known. Blockchain adoption has increased over the years since Bitcoin (BTC) launched in 2009 as an asset running on blockchain technology. Distributed ledger technology, or DLT, has caught the attention of mainstream companies for various use cases, such as supply chain management, while many crypto-native projects continue harnessing the tech.
Bitcoin adoption has also grown since the asset first came into the world, with entities showing greater interest in allocating funds to BTC. The Bitcoin adoption rate has increased over time. Cryptocurrency adoption, in general, has also increased, as assets other than Bitcoin have gained publicity.
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If the crypto industry and community banks cannot find common ground on the CLARITY Act, the only winners will be the “big banks,” according to crypto executive Austin Campbell.
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Bitcoin’s price volatility tends to scare off buyers, but data shows investors who hold for at least three years have a higher chance of locking in significant returns.
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Bitcoin bounced back this week as stablecoin inflows surged, and DeFi faced fresh pressure from Aave governance strife, exploits and exchange security moves.
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Demand is surging for tokenized precious metals that offer more accessibility than their traditional counterparts, with investors seeking 24/7 safe-haven asset availability.
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Trading in tokenized stocks and ETFs via 1inch’s Ondo integration has topped $2.5 billion, as real-world assets become one of the few reliable growth engines in a weak crypto market.
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Officials said the bank may start allocating funds to crypto-related equities and ETFs as early as April.
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The altcoins with “real world” traction and application will be the winners of the next altcoin season, says Bitwise’s Matt Hougan.
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Macroeconomist Lyn Alden says gold has a “somewhat euphoric” sentiment around it, while Bitcoin is being treated “somewhat unfairly negative.”
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Supermarket chain Spar now accepts ADA payments at 137 stores in Switzerland as crypto payment options expand in the country.
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Bitcoin has jumped as well, increasing 7.6% in the last 24 hours, while Ether is up more than 8.3% to trade at $2,132.
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While altcoin interest on social media is at its lowest in 24 months, it could pick up again once Bitcoin’s rally starts to fade, according to crypto trader Michaël van de Poppe.
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The investment includes a strategic partnership that will connect Tradeweb’s institutional trading network with Crossover’s CROSSx platform for spot crypto liquidity.
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House Bill 1042 also includes provisions to protect the rights of crypto users, barring public agencies from enforcing rules that ban crypto payments, self-custody, or mining.
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Bitcoin will eventually reach a point where the US government creates the conditions it needs to succeed, whether that takes 10 or 20 years, according to a Bitcoin executive.
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