The week was a rollercoaster ride for the cryptocurrency market. Bitcoin (BTC) led the charge, eyeing a staggering $120,000 mark, and paving the way for altcoins to rally. Dogecoin (DOGE), the original memecoin, also experienced a significant surge, riding the wave of the Bitcoin rally.
Meanwhile, crypto exchanges are setting their sights on neobanks, aiming to bridge the gap between traditional and crypto finance. Ethereum (ETH) continues to dominate the tokenized finance sector, becoming Wall Street’s preferred blockchain infrastructure. And finally, macro strategist Raoul Pal made a bold prediction for the future of the blockchain space.
Bitcoin, Ethereum, XRP, Dogecoin Extend Rally
The cryptocurrency market saw a significant surge over the weekend, led by Bitcoin’s run towards the $120,000 mark. This rally cleared the path for altcoins to follow suit.
Dogecoin Soars as Bitcoin Rally Ignites Memecoin Frenzy
Dogecoin, the original memecoin, captured significant gains as speculative enthusiasm washed over the crypto market. The surge came in direct sympathy with Bitcoin, which rocketed to a new all-time high of over $118,000.
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Crypto Exchanges Eye Neobanks for Mainstream Finance Access
Crypto exchanges are looking to acquire neobanks to fast-track their path to dominance of emerging on-chain sectors. This trend is set to continue as blockchain businesses seek opportunities within traditional finance.
Ethereum, Not Solana, Is Wall Street’s ‘Preferred Choice’
Ethereum’s dominance in the tokenized finance sector shows no signs of slowing down. According to Fundstrat’s Tom Lee, Ethereum has become Wall Street’s go-to blockchain infrastructure, outperforming Solana in key institutional use cases.
Raoul Pal Predicts ‘Insane’ Demand for Blockchain
Macro strategist Raoul Pal predicted an “insane” demand for the blockchain space, foreseeing cryptocurrency becoming a $100 trillion asset class over the next 6-8 years.
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This story was generated using Benzinga Neuro and edited by Rounak Jain
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