Bitcoin, Ethereum, Dogecoin Climb Amid Trump-Powell Turbulence: Analyst Says BTC Could Reach $3 Trillion Market Cap By Year-End If This Happens
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Leading cryptocurrencies, including Bitcoin and Ethereum, saw gains amid market fluctuations influenced by President Trump's comments on Federal Reserve Chair Powell. Bitcoin briefly surpassed $120,000 before dropping to $117,255.02, while Ethereum surged past the $3,000–$3,400 resistance zone. Analysts suggest that if current trends continue, Bitcoin could reach a $3 trillion market cap by year-end. The global cryptocurrency market cap rose to $3.79 trillion, with significant trading activity noted in Ethereum derivatives. Stocks also rebounded, with the Dow Jones and S&P 500 posting gains.
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