Bitcoin Gains 23% as Schwab and Institutions Expand Crypto Integration

  • Bitcoin gained 23% in its largest weekly advance since March 2023 as institutions and policymakers accelerated crypto integration.
  • Strive bought 1,100 Bitcoin for $85 million, while Circle minted roughly 5 billion USDC in one week.
  • Schwab, Coinbase, the SEC, the UK, Japan and Thailand advanced digital-asset products, rules or market infrastructure.

Bitcoin rose 23% during the week, its largest weekly gain since March 2023, as institutions and policymakers advanced digital-asset adoption. Coinbase and Better expanded bitcoin-backed mortgages, major banks progressed plans for a joint stablecoin, and Strive bought 1,100 Bitcoin for $85 million. Charles Schwab, which oversees $13 trillion, is expanding Schwab Crypto beyond Bitcoin and Ethereum to Solana, Chainlink and Avalanche based on platform materials, broadening traditional brokerage access without equating to spot ETF approval. The SEC proposed updated crypto custody rules, while the UK, Japan and Thailand advanced digital-asset initiatives, and Circle minted roughly 5 billion USDC in one week. Crypto markets remained sensitive to Federal Reserve policy, regulation, liquidity and broader macroeconomic narratives.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.