Bitcoin’s $112,500 surge reflects institutional FOMO, with BlackRock’s ETF inflows hitting $1.2B this week. Trump’s crypto-friendly cabinet, including David Sacks, boosts sentiment, but his $TRUMP memecoin’s 20% crash raises doubts. Senate’s GENIUS Act progress signals stablecoin clarity—will it tame volatility or stifle growth? Investors eye $120,000 BTC.
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Ethereum’s mainnet is scheduled for the Pectra upgrade on May 7, as confirmed by developer Tim Beiko. Announced on X, the upgrade aims to enhance scalability and reduce transaction costs, addressing long-standing network congestion issues. Coinbase and other exchanges will pause Ethereum deposits and withdrawals during the transition. Posts on X note growing accumulation by Ethereum whales, with holdings up 22% in two months despite unrealized losses. The upgrade could boost Ethereum’s price, currently at $1,797, though short-term volatility is expected. Vitalik Buterin’s proposal for a simpler Ethereum, inspired by Bitcoin’s consensus model, has sparked optimism for long-term adoption.
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Bitcoin’s price stabilizes at $82,500 after tariff-driven volatility. CoinDesk notes a 62% dominance as altcoins falter. Your interest in BTC’s inflation-hedge role aligns with its safe-haven appeal amid trade war fears. Institutional inflows, like MicroStrategy’s $2B buy, bolster confidence, but analysts warn of short-term dips if tariffs resume. DeFi on Bitcoin grows, with 10% of BTC locked in protocols. #BitcoinSafeHaven
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