BTC nears $85K, Fink Bullish on Crypto, US stocks have a Bad Q1 🚀
The latest episode of FOMO HOUR highlights the significant performance of Bitcoin, nearing $85,000, as crypto continues to outperform traditional stocks. Fidelity signals that BTC is in an acceleration phase, while its supply on exchanges hits 2018 lows.
Prominent investor Fink suggests that rising US debt may drive investors toward Bitcoin and emphasizes the tokenization potential of every asset. In the US, Senator Tuberville plans to reintroduce the Financial Freedom Act, and the Treasury will reveal its crypto holdings in April.
Strategic investments see a $1.92 billion addition of BTC, and McCormick discloses $600,000 in BTC purchases. Despite these developments, challenges in the stock market persist with US stocks experiencing a disappointing first quarter. Meanwhile, L1 activity rises for the first time in two months, ETH fees drop to their lowest in five years, and Sonic leads altcoins with a 75% TVL growth in a month.
Tether remains active, minting $1 billion in USDT and acquiring $735 million in BTC during Q1. Circle prepares for an IPO by hiring banks, and SpaceX makes headlines by sending a Bitcoin investor to space. Notably, Bolivia lifts its 10-year crypto ban, while Pantera plans to raise capital for its fifth fund.
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