Bitcoin's Resurgence: Trading Volume Hits New Low as Limbo Continues

Bitcoin showed some signs of life as it rose around 3% to $26,400 before dropping back below $26,000. Coinbase announced plans for international expansion, targeting major financial jurisdictions to acquire licenses and establish regulatory clarity. Investment bank Berenberg stated that MicroStrategy's large bitcoin impairment losses have distorted the company's inherent value, but proposed changes to accounting standards may address this issue.