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Bitcoin faced another rejection near the $106,000 mark, continuing its struggle to surpass January’s record high. Market sentiment remains mixed amid macroeconomic signals and regulatory developments. Analysts warn of potential volatility ahead as key events loom.
- Bitcoin has faced eight failed attempts in 2025 to sustain a daily close above $106,000, creating a strong psychological barrier.
- The GENIUS Act's advancement and Moody's U.S. downgrade briefly boosted Bitcoin's appeal as a macro hedge, though correlation with traditional markets remains inconsistent.
- BlackRock's Bitcoin ETF now holds 633,212 BTC (3% of supply), underscoring institutional demand that has driven a 42% YTD price rally.
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