The OG crypto is sitting pretty at $109K after spending what felt like forever at $107K (24 hours in total). Sure, it kissed $112K briefly – its new all-time high – before settling into its current range, but the vibe feels different this time. The Fear and Greed Index is flashing 69, squarely in greed territory, while traders are cautiously optimistic about where this rally might lead. Bitcoin dominance is breaking out, which historically means altcoins are waiting their turn for the spotlight. So what’s driving all this action? Let’s make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
- Elon Musk confirmed X Money is officially in beta testing with 41 money transmitter licenses secured across the US – Is X Money going to support Dogecoin? 🤔
- Trump Media called Financial Times writers “dumb” after they reported a $3 billion Bitcoin investment plan – So all six anon sources of FT were wrong? 🤔
- Axiom generated $100 million in revenue since launching in January, focusing on Solana memecoins and Hyperliquid perpetual futures – What’s causing this huge surge in activity on Axiom? 🤔
- Bitcoin hit $112,000 as Japan’s debt crisis drives investors toward crypto over government bonds paying higher rates – Will Bitcoin price go down once the crisis gets resolved? 🤔
- Bitcoin remains near its all-time high while Avalanche rose 5.8% and World jumped 27.2% – With all of this going on, why aren’t we in the alt season yet?🤔
X Money Starts Beta Testing
Elon Musk confirmed X Money is officially in beta testing. The payment platform has been in development since Musk’s Twitter acquisition in 2022. Testing will be “very limited access beta at first.” X has secured 41 money transmitter licenses across the US. The platform is scheduled for full launch in 2025.
Is X Money going to support Dogecoin? Read the full story!
Trump Media Denies Billion Bitcoin Buy Plan
Trump Media called Financial Times writers “dumb” after they reported a $3 billion Bitcoin investment plan. The FT claimed Trump Media & Technology Group was raising funds through share sales to buy Bitcoin and other cryptocurrencies. Six sources provided the information. Truth.Fi, their fintech startup, is approved to invest up to $250 million in Bitcoin.
So all six anon sources of FT were wrong? Read the full story!
Axiom Hits Million Revenue in Four Months
Axiom generated $100 million in revenue since launching in January. The Y Combinator-backed platform focuses on Solana memecoins and Hyperliquid perpetual futures. Axiom also offers yield on idle assets to its users.
What’s causing this huge surge in activity on Axiom? Read the full story!
Japan Bond Crisis Drives Bitcoin Higher
Bitcoin hit $112,000, and Japan’s debt crisis might be the real reason. Japan owes way too much money. Their government bonds are now paying higher rates because investors are getting worried. When government bonds pay more, it usually means people think that country might have trouble paying back its debts. Big investors are starting to buy Bitcoin instead. They see it as safer than lending money to governments that might go broke.
Will Bitcoin price go down once the crisis gets resolved? Read the full story!
Altcoins Rally as Bitcoin Holds Near Peak
Bitcoin remains near its all-time high while altcoins posted significant gains. Avalanche rose 5.8% after FIFA announced migration of their NFT platform to a dedicated Avalanche blockchain. World jumped 27.2% following its US launch. Hyperliquid hit new highs amid a trader’s $1 billion Bitcoin bet on their platform.
With all of this going on, why aren’t we in fhe alt season yet? Read the full story!
