As we approach the end of the year, positive news about Bitcoin continues to pile up, only further boosting its price.
In the last 7 days, the price of BTC has risen by almost 14%, surpassing $43,000.
We’re talking about Bitcoin’s price growing more than 155% in just one year, showing it’s at its peak and ready to respond to what awaits us in 2024 with the potential approval of BlackRock’s ETF and the halving.
Qatar wants to invest $500 billion in Bitcoin
Several rumors suggest that the Qatar Sovereign Wealth Fund is preparing to invest up to $500 billion in Bitcoin.
If realized, this investment would be 671 times larger than that of Michael Saylor and MicroStrategy, who are currently the largest holders of Bitcoin.
Experts believe that if the Sovereign Fund indeed makes this investment, the price of Bitcoin could surpass $100,000 per unit.
Moreover, the entry of a sovereign fund into Bitcoin would represent a turning point that could initiate large-scale institutional adoption.
Société Générale to be the first major bank to create a stablecoin on Ethereum
Société Générale FORGE, a subsidiary of the French bank, has launched EUR CoinVertible (EURCV), a stablecoin linked to the Euro and developed on Ethereum.
An important feature of this stablecoin is that it complies with European regulation and standards, allowing it to avoid segregation and ensuring the availability of reserves.
The launch of this stablecoin demonstrates that European financial institutions are betting on blockchain and cryptocurrencies.
ADA’s market cap skyrockets in 24 hours
In just 24 hours, the market capitalization of ADA, the native token of Cardano, has grown by $1 billion.
The increase in market capitalization is attributed to a 5% surge in its price, drawing the attention of ADA enthusiasts and boosting its trading volume by over 100%.
A significant portion of these transactions has been over $100,000, indicating growing interest from whales and institutions in the Cardano currency.
Helium, one of the winners of the week
Helium (HNT), a Solana-based token, has been one of the top performers this week, with a surge of over 65% in the last 7 days.
The growth is due to Helium’s announcement that users in the U.S. will have access to a 5G mobile service with unlimited mobile data for $20 per month.
This service could outperform other telecom companies, as the average price for these services is above $150 in the U.S.
