In a significant development for the cryptocurrency space, Bitwise has reported an impressive increase in institutional adoption of Bitcoin. In the third quarter alone, 48 new public companies added Bitcoin to their treasuries, marking a 38% increase and bringing the total number of firms holding Bitcoin to 172. Collectively, these companies hold over 1 million BTC, which constitutes nearly 5% of Bitcoin’s total supply. This shift toward institutional investment is viewed by analysts as a transition from speculative interest to long-term strategic adoption.
Bitwise’s CEO, Hunter Horsley, characterized this trend as “absolutely remarkable,” stating that both retail and corporate participants are demonstrating renewed confidence in Bitcoin. The cumulative value of corporate-held Bitcoin now exceeds $117 billion, reflecting a more than 28% increase from the previous quarter. Among these firms, MicroStrategy continues to lead, holding over 640,000 BTC, followed closely by MARA Holdings with an increase to 53,250 BTC.
Analysts, including Rachael Lucas of BTC Markets, argue that this accumulation indicates that larger players are consistently committing to Bitcoin rather than retreating. They suggest that institutions are beginning to incorporate Bitcoin into their long-term treasury strategies, which could positively influence future price predictions.
On the horizon, early investors are turning their attention to DeepSnitch AI, a presale project that is generating buzz as a potential 100x opportunity. This platform aims to bridge the knowledge gap between cryptocurrency ‘whales’—investors with significant holdings—and retail traders by providing real-time insights via Telegram. This could enable retail traders to make more informed decisions, potentially increasing their profitability compared to previous trends where significant disparities existed.
As the crypto landscape evolves, the global AI market is projected to grow exponentially, with many crypto holders believing that AI-related tokens will outperform traditional cryptocurrencies like Bitcoin and BNB in the coming years. Currently priced at $0.01877, DeepSnitch AI has already raised over $410,000, suggesting early investor enthusiasm for the platform’s potential.
Meanwhile, Bitcoin’s current market performance has seen a rebound, rising above $112,000 after a turbulent period that saw prices fluctuate significantly. Veteran trader Peter Brandt predicts that Bitcoin could reclaim its all-time high of $125,000 in the near future, despite potential market shakeouts. Influential voices in the cryptocurrency sector see the current macroeconomic conditions, particularly a potential end to quantitative tightening and recent weak inflation data, as favorable for Bitcoin and other risk assets.
Conversely, BNB’s recent performance has raised concerns, as it hovers just above $1,180 after experiencing a significant uptick. On-chain indicators suggest a potential for profit-taking, with key support levels being closely monitored. If BNB fails to maintain support around $1,136, prices could decline further to the $1,000 range, though there remains hope for a rebound should buying volume increase.
As the cryptocurrency market continues to shift, attention is increasingly focused on the intersection of AI and blockchain technology. With markets indicating an upward trajectory for the AI sector, projects like DeepSnitch AI may play a critical role in shaping the future of cryptocurrency trading. As these developments unfold, investors and market participants are urged to remain vigilant and informed about the opportunities that lie ahead.
