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Bitcoin surged to $78,000, marking a new monthly high as institutional buying and easing geopolitical tensions bolstered investor sentiment. The cryptocurrency rose 2.5% to $78,029, outperforming a flat S&P 500. Large holders acquired 45,000 BTC in the past week, while long-term investors added over 1 million BTC in three months, indicating market confidence.BitMEX co-founder Arthur Hayes, in an interview with Coinpedia, predicted Bitcoin could reach $500,000 and HYPE $200 by the end of 2026. Hayes maintains Bitcoin as his highest conviction holding, aligning with the trend of institutional inflows into Bitcoin spot ETFs. His forecasts reflect strong belief in Bitcoin's potential and the Hyperliquid ecosystem's performance in decentralized derivatives trading.

BTC+0.97%HYPE-1.71%

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