Bitcoin (BTC) surged to a historic peak of $124,400, fueled by strong institutional inflows, bullish technical indicators, and supportive U.S. regulatory changes. The crypto market cap reached $4.18 trillion as BTC broke key resistance levels, with the MACD and RSI signaling further upside potential. Despite a brief retracement to $121,800, analysts remain optimistic, citing corporate adoption (e.g., SpaceX’s $1B BTC holdings) and political tailwinds like the GENIUS Act. Bitcoin ETFs attracted $1B in weekly inflows, while experts predict a potential rally toward $150K if momentum holds. The pullback is seen as consolidation rather than a reversal, with $120K acting as a new support floor.
about Bitcoin Hits Record $124K Amid Institutional DemandVikram Subburaj
0 posts last weekCryptocurrency Market Plummets Amid Tariff Announcements and Regulatory Concerns
Bitcoin and major cryptocurrencies experienced significant declines as optimism over a proposed U.S. Crypto Strategic Reserve waned, compounded by President Trump’s tariff announcements. Bitcoin fell 9.8% to $83,725, while Ethereum dropped 15% to $2,083, amid rising market volatility and regulatory concerns. Experts caution that further downside may occur if Bitcoin breaks key support levels, with resistance noted at $92,000.
about Cryptocurrency Market Plummets Amid Tariff Announcements and Regulatory ConcernsBitcoin Market Cap Drops Amid U.S. Tariff Concerns and Crypto Sell-Off
Bitcoin’s market capitalization has fallen to $1.825 trillion, with a dominance of 61.25%. The cryptocurrency’s trading volume surged by 144.5% to $51.42 billion, largely driven by stablecoins, which accounted for 94.16% of the volume. Investor sentiment weakened due to U.S. tariffs on Canada and Mexico, leading to significant declines in major cryptocurrencies, including a 5.4% drop in Bitcoin and a 7.7% drop in Ethereum.
about Bitcoin Market Cap Drops Amid U.S. Tariff Concerns and Crypto Sell-Off