This week, Bitcoin surged past $95,000, marking a significant 12% increase over the work week, fueled by positive macroeconomic news and diminishing tariff concerns. The broader crypto market, represented by a significant index, also rose over 10%. In a notable development, many institutions continued to invest in Bitcoin allocation vehicles while retail traders showed a tendency to withdraw from Bitcoin ETFs. A significant instigator of market confidence was the establishment of a new Bitcoin investment company, backed by several prominent financial entities. Furthermore, Bitcoin's market capitalization has overtaken Google’s for the first time in its history. Despite some setbacks like Zora's token launch failing to meet expectations, the rise in Bitcoin prices has sparked renewed interest in Web3 initiatives, with projects like a blockchain-based game from the Peaky Blinders series coming to the forefront. Amidst all this, Bitcoin and stablecoins are projected as key beneficiaries of the current market dynamics, with various new stablecoin initiatives emerging during the week.

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