The cryptocurrency market has experienced a calm phase in recent months, but recent developments have reignited interest. The latest episode of the “Tapping into Crypto” podcast covered Bitcoin 
$95,890’s upward trend, developments in GameFi titles, and the support from financial institutions.
Bitcoin Approaches Historical Highs
Podcast hosts Ted Coaldrake and Pav Hundal noted that Bitcoin gained 11% in value over the last week. This surge has brought Bitcoin closer to its highest level since July 2024. While analyzing the charts, they pointed out improvements in ETF flows and a strong investment history in previous fourth quarters.
“It is reasonable to expect price increases in this market cycle. Looking at historical seasonality trends, this movement may start to take shape over the next 2-3 months.”
“Historically, if this continues, we can expect a significant increase in the fourth quarter.”
Memecoins Gain Attention Again
In addition to Bitcoin, memecoins have also recorded significant gains over the past week. The hosts observed that the frequent launch of new memecoins indicates a revival of retail investors’ interest in cryptocurrency. Notably, the Brett (BASED) memecoin increased by 24% in the last seven days.
New Developments in GameFi
The podcast also discussed the highly anticipated game “Off the Grid” in the Web3 gaming world. This game combines mechanics from popular battle royale games like PUBG and Fortnite and catches attention due to its blockchain-based nature. The game’s accessibility on not just desktop but also consoles like PS5 and Xbox makes it more appealing to a broader audience.
Corporate Support is Growing
Listeners were informed about BlackRock CEO Larry Fink’s remarks comparing cryptocurrency adoption to the widespread use of smartphones. The interest and support from major financial institutions indicate that the sector has matured and made significant progress over the past two years.
The backing from leading asset managers like BlackRock and their efforts to develop spot crypto ETFs provide hopeful signals regarding the future of the cryptocurrency market. Increasing corporate investments could solidify the position of cryptocurrencies in the markets.
