‘Welcome to the beginning of the Bitcoin bull run,’ BRC-20 pump, BitForex halts withdrawals

What a 24 hours it’s been! From seemingly nowhere, everything has gone parabolic; Bitcoin rallied 11%, BRC-20 tokens and layer-2s are pumping, and spot Bitcoin ETFs notched an all-time high in volume for a single day. As always, many are saying the bull run has started, and forever the skeptic, I resist the claims, but I’m running out of objections. Is it finally here?

Further reading:

• Bitcoin short sellers are out $161M as Bitcoin surprises with 11% rally — Tom Mitchelhill
• Bitcoin L2 tokens surge double digits as BTC notches 25-month high — Martin Young
• Crypto exchange BitForex halts withdrawals, stops responding to users — David Attlee
• Riot Platforms, other miners still see chip shortage, ESG regs as risks — Brayden Lindrea
• Crypto users could ‘make a difference in a close election’ in the US — CoinFlip CEO - Turner Wright

So, grab yourself a coffee, and let’s get into it!

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