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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.
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coinstats.app broke the news in on Sunday, May 18, 2025.
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