Cryptocurrency Market Update: Bitcoin, Ethereum, and Dogecoin Surge as BTC Wallets Reach All-Time High

Bitcoin, Ethereum, and Dogecoin experienced gains as the number of wallets holding at least one Bitcoin reached a record-breaking 1,008,737 million, indicating increased decentralization within the network. The global crypto market capitalization stood at $1.19 trillion, and US stocks rebounded as investors awaited inflation data and the start of the second-quarter earnings season. Analysts predict a potential Bitcoin bull run in the future, with Standard Chartered setting a price target of $50,000 for this year and $120,000 for 2024. However, miner profitability and the wait for concrete ETF updates may impact Bitcoin's price range.