The eye of the hurricane is a calm place. Amid the storm, a tense stillness prevails.
That’s exactly where our beloved Bitcoin finds itself this week.
Just four days before Donald Trump takes office as President of the United States, Bitcoin holds steady at the $100,000 mark.
Earlier this week, the market was deep in the red. Bitcoin plummeted to $89,000 due to fears of a mass sell-off of Silk Road’s Bitcoin by the Biden administration and adjusted expectations for Fed rate cuts.
As expected, Bitcoin bounced back strongly, surging to $99,000, driven by Bitcoin ETFs—particularly those from Fidelity and BlackRock—new BTC purchases by MicroStrategy, and the news that Meta might be the next major company to add Bitcoin to its treasury.
Stablecoins: The Queens of Crypto Payments
According to a study by CoinGate, one in three crypto payments is made using stablecoins.
Tether is the most used cryptocurrency for payments, surpassing even Bitcoin.
Among stablecoins, USDC has seen the most growth in 2024, with an 86% increase in transactions, thanks to its integration with Solana.
Stablecoins are cementing their role as an essential part of the crypto ecosystem.
Coin of the Week: VIRTUAL
Virtuals Protocol (VIRTUAL) is solidifying its position as a leading token in the AI space, boasting over 15,000 agents launched and $75 million in revenue.
VIRTUAL has grown by more than 28% in the past week, with a daily trading volume of $450 million.
Its partnerships with Web3 gaming leaders such as Illuvium, Ronin Network, and Animoca Brands have been key drivers of its growth.
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