The cryptocurrency market has recently emerged from a lull, and new developments are sparking renewed enthusiasm. The latest episode of the “Tapping into Crypto” podcast focuses on Bitcoin‘s impressive rise, notable advancements in GameFi projects, and increasing support from financial institutions.
Is Bitcoin Reaching New Heights?
Hosts Ted Coaldrake and Pav Hundal reported a substantial 11% increase in Bitcoin’s value over the past week, positioning it near its highest point since July 2024. They analyzed trends in ETF inflows and shared optimistic insights about the potential for a robust fourth quarter based on historical patterns.
Why Are Memecoins Making a Comeback?
In addition to Bitcoin’s performance, the podcast highlighted a revival in memecoins, which have also surged in value. The hosts noted a trend of new memecoins entering the market, signaling a renewed interest from retail investors. The Brett (BASED) memecoin, for instance, saw a remarkable 24% increase in just a week.
The episode also touched on several key points:
- Bitcoin’s recent price performance indicates a potential fourth-quarter rally.
- Memecoins are gaining traction, rekindling retail investor interest.
- Support from major corporations like BlackRock showcases the growing legitimacy of cryptocurrencies.
Insights from BlackRock’s CEO Larry Fink compared the rise of cryptocurrency adoption to the smartphone revolution, underscoring a shift in perception among major financial players. This increasing institutional backing could pave the way for cryptocurrencies to gain a stronger foothold in mainstream markets.