Bitcoin’s recent decline below 118,000 USDT comes amid broader discussions in the cryptocurrency landscape. Bitwise CIO Matt Hougan has declared the traditional four-year crypto cycle dead, attributing this to weakened historical patterns and increased institutional adoption. Meanwhile, the Quid Miner app is gaining traction, offering users a mobile platform for cloud mining with daily returns on various cryptocurrencies, including BTC and XRP. BlackRock’s report highlights a shift towards de-dollarization, with Bitcoin entering reserve discussions, although gold remains the primary asset for central banks. The report indicates that while Bitcoin’s volatility has decreased, actual adoption by central banks is still limited. Lastly, the altcoin season is heating up, with PEPETO emerging as a promising memecoin, offering unique features and significant staking rewards. As the crypto market evolves, these developments signal a potential shift in investment strategies and asset allocations.
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