Bitcoin has surged back above $103,000, with analysts predicting it may soon retest its all-time high of $109,588. This bullish momentum is attributed to several factors, including increased interest from institutional investors and potential supply shocks in the market. Additionally, countries like Japan and Latvia are exploring the establishment of national Bitcoin reserves, which could further bolster confidence in cryptocurrency as a legitimate asset class. Meanwhile, NFT sales have seen a significant increase of 17%, reaching $130.7 million, indicating a growing interest in digital collectibles.
Overall sentiment in the crypto market remains positive as many tokens are experiencing gains, fueling discussions about future price movements and investment strategies.
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