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Bitcoin Breaks $107,000 Barrier; Altcoins Join Broad Market Rally

  • Bitcoin broke above the $107,000 resistance level on May 21, 2025, reaching a daily high of $107,201.78 on global exchanges.
  • This rise followed a rebound from April lows below $75,000, driven by easing macroeconomic uncertainty linked to the easing of President Trump's trade war rhetoric.
  • Alongside Bitcoin’s surge, altcoins like Ethereum, Dogecoin, and Solana showed strong gains of 58%, 45%, and nearly 23% respectively in the past 30 days, fueling a broad market rally.
  • Bitcoin’s realized capitalization surpassed $900 billion and technical indicators such as a bullish MACD and an RSI of 62 suggest ongoing upward momentum near all-time highs.
  • The rally reflects renewed investor confidence supported by fresh regulatory openness and institutional participation, implying potential long-term growth despite short-term volatility.
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https://www.cryptela.com broke the news in on Tuesday, May 20, 2025.
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