Panama City's mayor has recently suggested the possibility of creating a city-level Bitcoin fund. This follows meetings with key individuals involved in El Salvador's Bitcoin projects. The move signals growing global interest in cryptocurrency adoption at the municipal level.
AAVE experienced a significant rally, breaking through several resistance levels. Trading volume increased notably, especially late at night, as it exceeded the $250 mark. This surge reflects strong market activity and investor confidence.
Currently, AAVE has found support around $240 and is consolidating above $263. This indicates potential for further upward momentum, fueled by increasing institutional interest. Bitcoin's approach to new all-time highs and increased crypto holdings by public companies, such as Strategy Corp's plan to raise $84 billion for Bitcoin, are contributing factors.
This article is based on our author's analysis of materials taken from the following resources: various news sources.