Bitcoin (BTC) has shown resilience by holding above the key support level of $76.5k after briefly falling to $74.6k before rebounding. The cryptocurrency market continues to outperform traditional macro markets, with BTC making a recovery above the crucial support level. Amidst market volatility, the Chinese yuan (CNY) devaluation is seen as a potential catalyst that could further boost Bitcoin's value, according to industry expert Hayes.
In other cryptocurrency news, Circle, the company behind the popular USDC stablecoin, has minted 250 million USDC tokens. Ripple, a prominent blockchain company, has acquired broker Hidden Road for a substantial $1.25 billion. Meanwhile, the US Department of Justice has disbanded its dedicated crypto
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