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Italy's largest bank, Intesa Sanpaolo, has reportedly entered the Bitcoin market with a €1 million investment, acquiring approximately 11 BTC. This move follows the bank's previous approval for spot crypto trading and reflects a growing trend of institutional interest in Bitcoin, as corporate demand continues to outpace supply. Financial experts suggest that banks are increasingly recognizing Bitcoin's potential for balance sheet recapitalization.
Bitcoin and Ethereum ETFs attracted $1.1 billion in inflows on Monday, marking a strong start to 2025 after a rocky beginning. The Fidelity Wise Origin Bitcoin Fund led the charge with $370 million, while Bitcoin's price dipped to just under $97,000 following a 5% drop. Despite this, the overall momentum for crypto ETFs remains positive as investors anticipate a pro-crypto regulatory environment under President-elect Donald Trump.
In 2024, the Bitcoin network settled over $19 trillion in transactions, more than double the previous year's volume, marking a significant recovery after two years of decline. This surge coincided with key events, including the introduction of a Bitcoin ETF and a halving event, pushing Bitcoin's price to an all-time high of approximately $108,000.The network's hashrate reached a record 1,000 exahashes per second in early January 2024, although it later stabilized around 775 EH/s. US-based mining pools accounted for over 40% of the global hashrate, with Foundry USA and MARA Pool leading in block production, despite China-based pools still holding a majority.
Pierre Rochard
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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