Bitcoin climbs after a sharp dip, Raoul Pal teases wild market moves, and fidelity signals confidence in Ethereum fundamentals.

The crypto market is buzzing after Bitcoin (BTC) dipped to $91,000 before rallying with 12 consecutive green candles. Former Goldman Sachs exec Raoul Pal has hinted at a “Banana Singularity,” a term gaining traction for an anticipated explosive market shift.

Meanwhile, Binance has listed AI-themed coins, riding the wave of enthusiasm for artificial intelligence in crypto. Fidelity Investments continues to favour Ethereum (ETH) over Solana (SOL), citing stronger fundamentals, as Sol Strategies seeks $20 million to expand staking operations.

On the regulatory front, the CFTC is rumoured to appoint a pro-crypto leader, while Senators Cynthia Lummis and Patrick Steil are set to head crypto subcommittees. The UK ruled that staking isn’t a collective investment scheme, offering clarity to investors.

Circle’s $1 million USDC donation for Trump’s inauguration has sparked debate, while Russia prepares to auction BTC seized from Infraud hackers. In China, crypto adoption is booming despite regulatory scrutiny, while Thailand cracked down on 996 illegal Bitcoin mining rigs.

The industry also celebrated key milestones: CleanSpark became the fourth miner to hold 10,000 BTC, and Block may join the S&P500 as the first crypto-focused firm, according to VanEck.

Amid the headlines, Circle and FTX clashed over the sale of FTX EU, and Bitwise reported that 56% of US financial advisers are considering crypto for their portfolios in 2025.

In Europe, MiCA regulations could boost euro-denominated stablecoins, while Standard Chartered plans to offer crypto custody services, signalling institutional interest.