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Having risen out of a double bottom and a retest of the bull market trendline, the $BTC price put on around $2,000 in a relatively short amount of time. However, the rally is faltering.

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Bitcoin fell 14.2% in the second quarter, while institutional Bitcoin ETF holdings rose 7.5% over the same period, climbing from 498,389 to 535,723 BTC equivalent. Fewer institutions drove that increase, with the number reporting Bitcoin positions through 13F filings falling roughly 6.8%, from about 2,000 to around 1,900.

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Bitcoin's diversified ownership and regulatory evolution could stabilize its market, reducing volatility and supporting long-term growth potential. SALT CEO and Scaramucci discuss Bitcoin's $100K mark amid market evolution.

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Ripple CEO Brad Garlinghouse says Ripple is bridging TradFi and DeFi, leveraging regulation, acquisitions and institutional demand to reshape finance.