1. Bitcoin surpasses $100,000:
Bitcoin has seen a historic jump to $102,507 (+3.39%), supported by market optimism following U.S. President Donald Trump's announcement of a trade agreement with the United Kingdom, which boosted investors' hopes for improved global economic relations. Its market value also rose to $2.04 trillion, with daily trading volume increasing to $66.95 billion.
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2. Strong performance of alternative currencies:
- Ethereum (ETH): Jumped 16.67% to $2,217, supported by technical updates on its network such as the "Becktra" upgrade that enhances scalability.
- Cardano ($ADA ): Increased 9.14% to $0.7669.
- Ripple (XRP): Increased 5.92% to $2.3149.
- Dogecoin (DOGE): Jumped 9.02% to $0.1957.
- Binance Coin (BNB): Rose 2.65% to $627.
- Solana ($SOL ) rose 8.52 to 165
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3. Supporting Factors for the Rise:
- Trade Agreements: Trump's agreement with the UK to reduce tariff barriers, and anticipated talks between the U.S. and China in Switzerland.
- Technical Updates: Such as the Ethereum network upgrade that increased user engagement and trading volume.
- Monetary Policies: The U.S. Federal Reserve's decision to keep interest rates at 4.5%, easing pressure on high-risk assets.
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4. Future Predictions:
- Bitcoin: Experts expect a target level of $109,000, especially with increased institutional investments.
- Potential Risks: Markets continue to monitor political developments and central bank decisions, especially regarding inflation and interest rates.
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Summary:
The market experienced a strong revival led by Bitcoin and major cryptocurrencies, supported by economic and technical factors. However, investors are advised to monitor official statements and potential volatility due to geopolitical events. For more details, refer to the mentioned sources.$BTC
