Bitcoin Crosses $111,000 As Ethereum, Dogecoin Surge Ahead Of Inflation Data
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Bitcoin has surpassed $111,000, with altcoins also experiencing gains. Key developments include Trump pardoning Binance founder Changpeng Zhao and Tesla reporting an $80 million profit from Bitcoin. Analysts suggest Bitcoin may be nearing a cycle top, with critical macro events ahead, including CPI data and Fed rate decisions. Traders are watching the $108,200 support level, and past CPI releases have led to short-term corrections in Bitcoin, which typically recover quickly. Ethereum and Solana are also gaining traction in the crypto market.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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