Market analysts attribute the rally to a confluence of macroeconomic tailwinds, including easing geopolitical tensions, an improved regulatory environment, and sustained institutional interest
Bitcoin is currently 1.42 per cent lower from its all-time high of $109,114.88, scaled on January 20 of this year
Bitcoin (BTC), despite reclaiming the $107,068 level buoyed by favorable sentiments, has struggled to hold above it and slipped below the $104,000 mark
Among other altcoins, Cardano (ADA) was down 4.18 per cent, Solana (SOL) declined 4.08 per cent, Ripple (XRP) fell 2.18 per cent, and Binance Coin (BNB) dropped 1.7 per cent
By midday, bitcoin was trading at $101,402.19, a 4.8 per cent gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year
Following the announcement, the flagship cryptocurrency Bitcoin reclaimed the $99,400 level, just 600 points shy of the $100,000 mark
the US has unveiled a draft crypto bill aimed at redefining digital asset oversight and strengthening investor protection, stating, 'The golden age of digital assets is here.'
Bitcoin recently recorded its highest number of active addresses in six months, with over 925,000 addresses active in a single day
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
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
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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
Bitcoin briefly tested resistance at $85,526 before pulling back, signaling potential consolidation in the near term
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
Historically, April has been a strong month for Bitcoin, with an average monthly gain of 13 per cent, raising expectations among market participants