Bitcoin Taps $106,000 As Ethereum, XRP, Dogecoin Struggle
- Bitcoin rebounded above $105,000 on Sunday, continuing its recent recovery in the US and global markets.
- This rebound follows two months of consolidation after Bitcoin fell to $76,000 and coincides with easing trade tensions and sustained investor interest.
- Other top cryptocurrencies like Ethereum, XRP, Solana, and Dogecoin also showed gains, with Dogecoin rising nearly 8% and short position liquidations exceeding $128 million.
- Analysts note $105,000 as key resistance, with institutional inflows, macro conditions, and Bitcoin's limited supply driving momentum, while Moody’s U.S. Credit downgrade had limited long-term market impact.
- These factors could push Bitcoin toward a new all-time high, although large sell-side positions signal caution and altcoins may regain momentum soon according to market strategists.
16 Articles
16 Articles
Bitcoin's Rise and the Collapse of the Old Financial Order
What followed was a sweeping overhaul of the global monetary system. At the center of the restructuring was a bold new framework: the U.S. dollar was now partially backed by both Bitcoin and gold, with each asset covering 25% of its value. Simultaneously, the Federal Reserve launched a Central Bank Digital Currency (CBDC) and expanded its balance sheet to an unprecedented $44 trillion. In response to these radical shifts, Bitcoin surged to $600,…
Bitcoin’s Shifting Price Sparking New Dynamics in Cryptocurr
Bitcoin has turned downward, impacting altcoins negatively. Ethereum has a potential to reach new heights with ETF approvals. Continue Reading:Bitcoin’s Shifting Price Sparking New Dynamics in Cryptocurrency The post Bitcoin’s Shifting Price Sparking New Dynamics in Cryptocurrency appe...
Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside
Cryptocurrencies regained footing on Monday after a rocky start to the trading session, mirroring a broader recovery in risk assets as traders digested Moody’s downgrade of U.S. government bonds. Bitcoin notched a strong rebound after slipping to as low as $102,000 early in the U.S. session, following its record weekly close at $106,600 overnight. The... The post Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside appeared first on Daily …
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