The cryptocurrency market is facing challenges as Bitcoin (BTC) enters a new accumulation phase, supported by a recent purchase of $51 million. Meanwhile, Google has increased its involvement in Bitcoin mining, acquiring an 8% stake in BTC miner TeraWulf, which contributes significantly to BTC's growth strategy. This investment is part of a broader trend where institutional players are solidifying their positions in the crypto space amidst recent market fluctuations. The decentralized finance (DeFi) ecosystem is also showing signs of resilience, even as ETH experiences minor outflows. Additionally, metrics indicate increased activity in Ethereum, with significant transaction counts. Other market developments include KindMD raising substantial funding to expand its Bitcoin holdings and regulatory discussions in the U.S. about the future of crypto alongside rising interest from traditional financial institutions.

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