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Such cumulative losses are the highest since early April, when BTC briefly crossed its previous peak at over $73,000.
BTC’s breakout has the market in a state of euphoria, QCP Capital said.
The latest version introduces application building blocks that allow users to create decentralized newspapers with thousands of contributors.
Bitcoin clinched another all-time high of $88,448 on Monday, surging 11% over the past 24 hours.
Gold and most of the so-called magnificent seven tech stocks are down on the day.
According to the team, the confirmation layer will be a critical piece of infrastructure for composability among layer-2 rollups, allowing for two networks to read and trust each other’s blocks of transaction data.
As bitcoin’s ongoing price surge gives off an aura of invincibility, one force threatens to slow the ascent above $90,000.
The company’s bitcoin yield thus far this quarter is 7.4% and over 26% year-to-date.
A Republican sweep is the best result for the digital assets sector and could bring positive regulatory change, the report said.