Bitcoin (BTC): $BTC recently surged above $106,000, driven by factors such as Moody's downgrade of U.S. debt and anticipation of U.S. stablecoin legislation. However, it has since retracted to around $103,000, leading to over $600 million in liquidations across crypto derivatives markets . Analysts suggest that a sustained close above $105,000 could pave the way for a rally towards $130,000 .