Matt Hougan claims that Bitcoin is experiencing a significant increase and concerns about currency depreciation are growing

[LME Copper Futures Retreat from Seven-Month High Amid Middle East Tensions and Fed Rate Hike Expectations] According to Jin10 Data, LME copper futures prices have retreated from a seven-month high due to escalating conflicts in the Middle East and rising expectations of a Federal Reserve rate hike. In the spot market, copper inventory flows are diverging, with destocking slowing in some regions. A tightening financing environment has led to higher borrowing costs, suppressing actual downstream demand. Moving forward, the focus will be on the evolution of geopolitical tensions and key central bank interest rate decisions.

According to CNN, the United States escorted 40 oil tankers in the Strait of Hormuz while repelling Iran's drone and missile threats. （Cointelegraph）

The UK recruitment company XCE has received Adam Back's common stock subscription investment, increasing its holdings by 10 bitcoins and currently holding 72.94 bitcoins.

Bitwise CIO Matt Hougan stated that Bitcoin is experiencing a significant rise, a new cycle is approaching, and market concerns about currency depreciation are increasing. （Bitcoin Archive）

The total reserve capital of Strategy has reached 66 billion US dollars, ranking second among S&P 500 financial companies, only behind Berkshire Hathaway. （Cointelegraph）