Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research

Key takeaways:Bitcoin’s performance in the current bull market and a new cohort of buyers reflect a maturing market and widening adoption. A 50% rise in hashrate and a 63% jump in Realized Cap highlight investors’ confidence in Bitcoin. A recent report from Fidelity Digital Assets explored how the current Bitcoin market cycle reflects a shift toward a maturing market where the rate of adoption deepens and expands. At block height 892,500—marking 25% progress into the current halving epoch—Bitcoin traded between $82,500 and $85,000, representing a 31% increase from its value on April 19, 2024, when the fourth halving reduced block rewards to 3 source: https://cointelegraph.com/news/bitcoin-bull-market-redefines-btc-s-role-in-modern-portfolios-fidelity?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound