News for bitcoin:
Price Drop and Recovery: Bitcoin (BTC) briefly fell below 102,000 USDT but then rebounded above 103,000 USDT. There has been a slight decrease in the last 24 hours, but Bitcoin is up approximately 7% over the week.
1. Resistance at $106,000: Analysts note that Bitcoin is approaching a resistance level of $106,000, which could lead to profit-taking by large holders ("whales").
2. Psychological Barrier at $100,000: Testing the $100,000 level could attract market attention and lead to further price fluctuations.
3. Ethereum Growth: Ethereum (ETH) is demonstrating strong growth, increasing by 65% over the last month, partially recovering after a period of lagging behind Bitcoin.
News and Events:
4. Latvia Considers Strategic Bitcoin Reserve: Latvia's Minister of Economy stated that creating a strategic Bitcoin reserve is only a matter of time and would not pose significant risks to the country's economy.
5. Democrats Block Stablecoin Bill in U.S. Senate: Senate Democrats blocked a bill regulating stablecoins, expressing concerns about insufficient safeguards and potential benefits for Donald Trump. $BTC #TRUMP