Bitcoin (BTC) is not showing signs of frenzy, unlike March, which indicates room for further growth in price, according to K33 Research report published on Oct. 29.
As of press time, BTC was trading at $73,500, roughly $300 away from setting a new all-time high.
The U.S. Treasury Department is concerned about the growth of the stablecoin market and believes privately issued stablecoins should eventually be replaced by a state-backed central bank digital currency (CBDC), according to a Treasury report released Wednesday.
Wallet provider Phantom services experienced nearly three hours of downtime on Oct. 28 amid users’ rush to claim GRASS tokens. Users on X reported missing balances and an inability to perform transactions.