Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Despite ongoing geopolitical undercurrents, global markets have leaned into a risk-on sentiment, propelled by major regulatory victories and a sharp rise in institutional bitcoin holdings. Coinbase, in particular, captured investor attention with a notable 12% rally, closing at $344.94 on June 24—its highest level in over half a year.
Coinbase Climbs as Regulatory Clarity Sparks Investor Confidence
Investor enthusiasm was fueled by two landmark developments. First, the U.S. Congress passed the GENIUS Act, establishing a long-awaited legal framework for stablecoins and providing much-needed clarity for institutional players. Second, Coinbase became the first American crypto exchange to obtain pan-European licensing under the EU’s MiCA regulations, thanks to its approval in Luxembourg.
Bitcoin’s Institutional Demand Hits New Highs
While traditional markets soared—evidenced by the Nasdaq 100’s record-breaking performance and oil prices retracing to pre-war levels—the crypto space saw a surge in institutional participation. Procap, headed by bitcoin advocate Anthony Pompliano, made waves with a bold $386 million bitcoin acquisition. Additionally, the number of publicly known corporations holding BTC on their balance sheets has nearly doubled this month, now encompassing over 240 companies and totaling an estimated 3.45 million BTC.
If this momentum continues, bitcoin could increasingly position itself as a serious alternative to gold as a macroeconomic hedge.
Geopolitical Concerns Linger, But Markets Look Ahead
Though NATO has issued warnings about rising military tensions involving Russia, investors appear largely undeterred. Market behavior suggests that geopolitical instability is being normalized as part of the broader risk landscape rather than a deterrent to capital flow.
Learn from market wizards: Books to take your trading to the next level
