A recent report by Fidelity Digital Assets reveals how the ongoing bull market for Bitcoin has impacted investment portfolios and solidified its position within modern financial structures. Since the halving event in April, Bitcoin’s hash rate has increased significantly, rising 50%, while its realized market capitalization has surged by a remarkable 63% to reach $915 billion, signaling heightened market confidence. The report identifies three key factors driving this surge: the approval of spot ETFs, which led to $134 billion in inflows; institutional holdings have reached new heights, exemplified by MicroStrategy’s holding of 576,000 BTC; and the Puell Multiple indicator has stabilized, suggesting a market adaptation to reduced issuance following the halving event. Bitcoin’s price has surged by 31% since the halving, recently hitting a new all-time high. Daniel Gray, Senior Analyst at Fidelity, emphasizes that Bitcoin’s network resilience and robust institutional involvement are solidifying its status as a mature asset class.