Here are the top crypto stories from today:
1. Bitcoin Breaks $80,000
• What happened: $BTC surged above $80,000, briefly touching $81,000.
• Why it matters: A softening U.S. dollar and macroeconomic debasement fears are driving strong capital momentum into digital assets.
• Source: Reuters
2. Scarcity Trade Drives $7 Billion Inflows
• What happened: Bitcoin and gold investment funds collectively pulled in $7 billion in capital inflows.
• Why it matters: It underscores rising demand among global investors for scarce assets as hedges against inflation.
• Source: Bloomberg
3. BlackRock Points to Bitcoin's Macro Case
• What happened: BlackRock's head of digital assets stated that $BTC's macroeconomic narrative is strengthening even as regulatory pacing slows.
• Why it matters: Institutional sentiment remains anchored on Bitcoin's long-term value proposition regardless of policy timelines.
• Source: CNBC
4. Galaxy Launches Retail Crypto-Backed Loans
• What happened: Galaxy introduced retail credit lines backed by $BTC, $ETH, and Solana.
• Why it matters: Offers expanded liquidity solutions for retail investors without requiring them to liquidate their holdings.
• Source: Decrypt