火星财经消息，据 glassnode 数据，比特币的实现市值（Realized Cap）在经历了 4 月份的停滞期后已增长了近 30 亿美元，目前月增长率约为 3%。尽管这一增长确认了资金的重新流入，但增长速度仍落后于 2024 年 11 月至 12 月期间所观察到的强劲增持。

<div>火星财经消息，据 glassnode 数据，比特币的实现市值（Realized Cap）在经历了 4 月份的停滞期后已增长了近 30 亿美元，目前月增长率约为 3%。尽管这一增长确认了资金的重新流入，但增长速度仍落后于 2024 年 11 月至 12 月期间所观察到的强劲增持。</div>

比特币实现市值一个月增长近 30 亿美元，月增长率约 3%

According to <glassnode> data, the realized market capitalization of Bitcoin has grown by nearly $3 billion after experiencing a stagnation period in April, with a current monthly growth rate of approximately 3%. Although this growth confirms the re-entry of funds, the growth rate still lags behind the strong accumulation observed during the period from November to December 2024.

<div>Mars Finance News, according to glassnode data, Bitcoin's realized market capitalization has grown by nearly $3 billion after stagnating in April, with a current monthly growth rate of around 3%. Although this growth confirms the re-entry of funds, the growth rate still lags behind the strong accumulation observed during November to December 2024.</div>

Bitcoin's market value increased by nearly $3 billion in one month, with a monthly growth rate of about 3%

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

SWIFT, a global payments giant, has made progress on integrating a blockchain-based ledger into its payment network. According to the announcement, it has collaborated with global banks to design feat...