MicroStrategy has bought a record $5.4 billion worth of bitcoin, the company's third major purchase announcement this month.

Improvements in currency technology

The sector has also seen a boost thanks to a number of technical improvements aimed at enhancing the performance and trading of cryptocurrencies, especially Ethereum. The most notable of these improvements came in March, when the Duncan update was launched, which aimed to address the main challenge facing this cryptocurrency: high transaction costs. This update was able to reduce transaction costs by about 20 times.

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Following this update, the cryptocurrency saw a new update called “Pectra” that aims to make Ethereum faster, safer, and easier to use. “EIP 3074” was also launched, an update that aims to bundle a number of transactions into one transaction, speeding up the process and reducing technical complexity.

Stablecoin Maturity

These were not the only steps that pushed the cryptocurrency movement forward, as the maturation of stablecoins also helped support the sector.

#USJobsSurge256K Bitcoin Stablecoins have played a vital role in supporting other cryptocurrencies, providing investors with essential liquidity during market volatility. Stablecoins are a type of cryptocurrency that aims to maintain a fixed price pegged to a fiat currency, usually the US dollar.

The importance of stablecoins has increased significantly over the past year. In November 2024, data from DV Lama showed that the market was worth $190 billion, up 46% from the beginning of the year.

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