Bitcoin’s back on the up, bouncing near $117K after the US President Donald Trump gave crypto lovers something to cheer about: the appointment of Stephen Miran to the Federal Reserve Board. Miran, a former Treasury official and vocal Bitcoin supporter, is expected to push for looser monetary policy, including fewer rate hikes and a more growth-friendly economic stance.
This could be great news for $BTC. As the #1 crypto with a hefty $2.32T market cap , it tends to perform well when inflation rises and the dollar loses strength.
But as $BTC gains more attention, the same old issues often resurface. The Bitcoin network still struggles with slow speeds and costly fees, especially during periods of peak demand.
Fortunately, Bitcoin Hyper – a Bitcoin Layer 2 solution – is getting set to