Bitcoin Edges Toward $105K as Crypto Market Gains Speed
Multiple Locations: Bitcoin’s price continued its rapid climb, inching closer to $105,000 amid a general rally in cryptocurrencies. Ethereum also rose by nearly 9%, fueled by cooling inflation data that lowered the odds of harsh monetary tightening. Investor optimism got another boost when President Trump, speaking in Riyadh, offered an upbeat view on financial markets, reinforcing bullish sentiment. Analysts note that Bitcoin has tested the $100,000 mark before but hasn’t maintained levels above it for long. If the price breaks $106,000, some believe it could trigger another wave of institutional buying.
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Key Entities
- • Bitcoin – The largest and oldest cryptocurrency by market capitalization.
- • Coinbase – A major US crypto exchange, recently included in the S&P 500.
- • Donald Trump – US President whose optimistic remarks on markets buoyed investor sentiment.
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