According to CoinGlass data, a break above the $95,000 mark could trigger liquidations of nearly $700 million in short positions, easing selling pressure and setting the stage for the next leg up
Trump's $TRUMP memecoin sees a dramatic rise after an exclusive dinner invite for top holders. Investors now have a shot at meeting the president at his DC golf club on May 22
Ethereum (ETH) has officially broken through a key technical resistance, climbing above the $1,800 level
Market analysts attribute this rally in cryptocurrencies to increased institutional buying, a weakening dollar index, and other favorable macroeconomic conditions
Crypto markets are gaining momentum as Bitcoin has bounced back, surpassing $87,000 after dipping to $74,500 earlier this month
Crypto traders dealing in POPE memecoin bet big on papal succession following the death of Pope Francis
The bounce in Bitcoin, Riya Sehgal, research analyst, Delta Exchange, said, came as hedge funds aggressively sold the dollar against major currencies
This price stability, even as rate cuts are taken off the table for May, Riya Sehgal, research analyst at Delta Exchange, said, underscores crypto's evolving market maturity and its growing appeal
Investors' confidence, analysts said, stands strong as the White House plans to establish the Bitcoin Strategic Reserve using alternative government revenue sources
Following a strong recovery, the flagship cryptocurrency, Bitcoin, which had briefly touched $82,300, is stabilising around $80,000 as markets absorb softer-than-expected US CPI data
The Dollar Index (DXY) slipped to 103, diverging from Treasury yields-a trend that could support Bitcoin's near-term price action
Bitcoin has traded in the range of $74,436.68 to $81,119.06 in the last 24 hours
The sell-off extended into the crypto markets too, with Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, taking the worst hit among other popular cryptocurrencies
The flagship cryptocurrency's drop from its Thursday high of $88,500, analysts said, reflects heightened investor caution following President Trump's tariff announcement
Bitcoin's next resistance, analysts said, stands at $87,800, while support rises to $81,700
Bitcoin briefly tested resistance at $85,526 before pulling back, signaling potential consolidation in the near term
He expects the funds to come into the digital network from Russian real estate, Chinese private equity, and markets in Africa and South America
Bitcoin, Fink said, represents both a disruptive innovation and a geopolitical risk, particularly if the US government fails to address its rising debt and fiscal deficits
The escalation of trade tensions following US President Donald Trump's tariff announcement, analysts believe, has injected fresh volatility into traditional markets
Market analysts suggest that the recent movements in the crypto market reflect a mix of resilience and caution. Investors should keep an eye on US jobless claims and GDP data due later today