Bitcoin surged past $87,000, breaking out from its recent trading range of $83,000 to $86,000. This breakout led to significant gains in gaming, AI, and memecoins. Tokens like ENJ and MAGIC saw increases of over 50% within 24 hours, while MANTRA dropped by 15%. The Dollar Index fell to a three-year low of 98.00, and gold prices reached new highs above $3,400 per ounce. On-chain data suggests potential volatility as Bitcoin approaches $90,000. Charles Schwab’s CEO, Rick Wurster, indicated that the firm might support spot crypto trading within a year. Slovenia proposed a 25% tax on cryptocurrency capital gains starting in 2026. Ethereum co-founder Vitalik Buterin suggested replacing the Ethereum Virtual Machine with RISC-V to improve efficiency. Ethereum briefly fell behind Solana in total staked value of their native tokens.
Source: www.coindesk.com

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