This week, the cryptocurrency market declined 4%, with market capitalization shifting back to 3.24 trillion USD. Bears have effectively halted attempts to surpass 3.36 trillion USD, and further declines to 3 trillion USD are anticipated.
Bitcoin experienced volatility, hitting 107,000 USD before dropping below 102,000 USD and stabilizing around 103,000 USD. Analysts suggest that if growth attempts fail, a dip to 97,000 USD may occur.
In parallel, 90% of financial institutions indicate plans to utilize stablecoins for cross-border transactions. Meanwhile, JPMorgan projects that Bitcoin will likely outshine gold in performance during the latter half of 2025.
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