Here’s what happened in crypto today
In today's crypto news, analyst Scott Melker suggests that Bitcoin could reach $250,000 by the end of 2025 due to increased institutional interest and reduced volatility. He noted that Bitcoin is now less volatile than it was compared to the S&P 500, indicating a more mature market with greater long-term investment. Meanwhile, World Liberty Financial's co-founder, Zach Witkoff, dismissed congressional concerns about the company's ties to the Trump family and ongoing investigations, arguing that they are focused on innovation rather than regulatory scrutiny. In another report, it was revealed that 90% of institutional players are either adopting or exploring the use of stablecoins as viable payment instruments, with many banks citing the need for competitive advantages in cross-border transactions. This data underscores the growing acceptance and integration of stablecoins into the financial ecosystem.
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