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Crypto industry-aligned Political Action Committees (PACs) invested $3.5 million in advertising, successfully propelling nearly a dozen crypto-friendly candidates to primary victories or general election berths across three US states.
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Analysts are zeroing in on the $88,000 mark as the critical threshold Bitcoin must decisively reclaim to signal a definitive market bottom, alongside a significant slowdown in profit-taking activity.
A confluence of strengthening spot demand, rising futures open interest, and sustained institutional inflows suggests Bitcoin is poised for a significant move towards the $80,000 mark.
Perpetuals trading platform Wasabi Protocol lost $4.5 million due to a compromised deployer admin key, highlighting critical security gaps like the absence of timelocks or multisigs, a vulnerability seen in recent major DeFi exploits.
Despite recent corrections, Bitcoin bulls are aggressively buying dips, fueled by strong spot ETF inflows and MicroStrategy's latest acquisition. However, the path to $80,000 remains challenging, with geopolitical tensions adding a layer of uncertainty to the market.