Bitcoin Ignites:💥$BTC 🔥 The cryptocurrency breaks the $110,000 barrier 🤑
Amid political momentum and an institutional buying wave✅
We predicted its rise before the 50% increase in a month
Arincen - The cryptocurrency market experienced a sudden and strong revival today, with Bitcoin rising by 2.07% and surpassing the $110,000 level for the first time in nearly a month, in a move that may represent the beginning of a major upward wave in the digital market.
Bitcoin was not alone on the rise, as altcoins followed suit with sharp jumps, most notably Vartcoin, which surged by 15.94%, Dogewihat at 14.01%, and Celestia at 11.93%, pushing the total market capitalization of cryptocurrencies to $3.4 trillion, an increase of 3%. Daily trading volume also rose by more than 30%, exceeding $133 billion.
This positive momentum is linked to increasing expectations for the passage of the 'Great Trump' bill in the U.S. House of Representatives, after its approval in the Senate. The bill includes tax exemptions and financial incentives expected to stimulate the economy and drive investors towards hedging assets like Bitcoin, especially amid the potential increase in public debt.
