Bitcoin briefly fell below its fair value for the first time in two years, marking a significant moment for the cryptocurrency market. This dip highlights ongoing volatility and investor sentiment shifts in the digital asset space. Meanwhile, BlackRock's iShares Bitcoin Trust (IBIT) has emerged as one of the most-traded exchange-traded funds (ETFs), reflecting strong institutional interest in Bitcoin-related financial products. In another development, Kalshi, a prediction market platform, has successfully raised $1 billion at an $11 billion valuation and announced a strategic partnership with CNN, aiming to expand its market influence.