The crypto market has recorded its fifth consecutive week of growth, as the total market capitalisation climbed by 6.76% to reach US$3.62 trillion. Bitcoin spearheaded this surge, breaking past the significant US$100,000 mark for the first time.
This report represents the culmination of ideas shared during various presentations in November with industry leaders. It encapsulates a thesis developed over the past year, now crystallised with mounting real-world evidence.
The crypto market logged its fourth week of growth, with the total crypto market cap up 3.46% to US$3.39 trillion, driven by investor confidence, liquidity, and capital inflows.
This week, Dr Andrew Charlton, Member of Parliament for Parramatta and Special Envoy for Cyber Security and Digital Resilience, reinforced the vital role that digital assets, blockchain, and cryptocurrency will play in shaping Australia’s economic future.
The post-election landscape has brought a noticeable shift in the crypto market, with clear signs of retail investors returning.
Bitcoin’s recent dip to US$93,000 has sparked speculation about whether this marks the final correction before breaching the highly anticipated US$100,000 milestone.