On the eve of a BTC breakout, Anchor Mining users earned $3,977; No market monitoring required

Bitcoin has surpassed the $94,000 mark, indicating a potential resurgence in the BTC bull run. However, concerns arise regarding the volume data, which may affect the sustainability of this upward movement. Market participants are closely monitoring whether the bulls can maintain the momentum needed for further gains.

Wall Street research firm Bernstein has reaffirmed its ambitious prediction that Bitcoin will reach a price of $1 million by 2033, while adjusting its short-term forecasts. Analysts noted that the recent market correction has disrupted the traditional four-year cycle, indicating a prolonged bullish trend driven by institutional buying.

The Bitwise 10 Crypto Index ETF has officially debuted on NYSE Arca, providing investors with exposure to major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP through a market-cap weighted fund. This launch represents a significant milestone in the growing acceptance of cryptocurrency investment vehicles in traditional finance.

BMW has partnered with JPMorgan to implement its first on-chain programmable foreign exchange payment, marking a significant step in the integration of blockchain technology in traditional finance. This initiative aims to streamline cross-border transactions and enhance efficiency in payment processing.

Bitcoin's perpetual futures market has seen a notable decline in open interest, remaining below 310K BTC since October's liquidation, indicating a significant reduction in leverage and speculative trading activity. This trend reflects a broader downturn in market engagement as traders exhibit caution.

Grayscale has posited that Bitcoin's market structure has evolved beyond its traditional four-year cycle, suggesting that institutional flows and macroeconomic dynamics are now more influential in determining BTC's price behavior. This perspective marks a significant shift in how Bitcoin's market trends are analyzed.

Bitcoin's price has struggled to surpass the $92,000 mark, indicating potential exhaustion following a recent rally. The lack of strong trading volume raises concerns about the sustainability of this upward movement, suggesting a bearish dead-cat bounce in the market.

Bitcoin's price surged past $92,000, marking a significant moment as analysts from Bernstein and JPMorgan express a bullish outlook for the cryptocurrency, suggesting a potential break from its four-year cycle. This surge follows a period of volatility, indicating renewed investor confidence in Bitcoin's market trajectory.