Crypto Stocks: Understand What is Moving in the Market and Why.

Bitcoin surged above $100,000, driven by institutional inflows into US spot Bitcoin ETFs, but struggled to break the $105,000 resistance due to profit-taking.

MicroStrategy’s stock wavered despite acquiring 13,390 more Bitcoins, as short-seller criticism weighed on sentiment. US tech stocks, led by Nvidia and AMD, rallied on AI deals, while the Dollar Index fell amid weaker economic data and rising global currencies.

Gold saw its steepest weekly drop in six months, pressured by a stronger dollar and fading safe-haven demand. Marathon Digital, Riot Platforms, and Bitfarms navigated mixed earnings, with investor focus shifting to strategic expansions.

Bitcoin (BTC is above the 7-day moving average -> bullish, and is above the 30-day moving average -> bullish, with 1 week change of +8.3%) Bitcoin's price dipped below $102,000 after failing to break the $105,000 resistance, influenced by profit-taking and reduced retail interest.

A US-China tariff reduction deal led to a price drop, as investors favored stocks over safe-haven assets like Bitcoin. Institutional inflows into US spot Bitcoin ETFs, led by BlackRock, supported prices above $100,000.

The FTX creditor distribution announcement of $5 billion stabilized Bitcoin around $103,000.

Concerns over declining Google searches for Bitcoin suggest waning public enthusiasm, potentially pressuring prices further.

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Full report: https://strategy.10xresearch.com/p/crypto-stocks-understand-what-is-moving-in-the-market-and-why-6b20