Bitcoin And HYPE Lead Fresh Crypto Rally Toward New Highs
Key points:
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Bitcoin made a decisive break above $106,000, setting the stage for a possible retest of the all-time high at $111,980.
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Most major altcoins remain in a range, but HYPE has resumed its uptrend.
Bitcoin (BTC) started the week on a bullish note, rising above $107,500. Although the price is trading just below the all-time high, whales and retail investors are holding on to their positions. CryptoQuant contributor Darkfost wrote in a QuickTake blog post that Binance Bitcoin inflows from both groups have slipped to their lowest levels since the beginning of the cycle. That suggests investors are either “waiting for clearer macroeconomic signals or simply maintaining high conviction in Bitcoin’s long-term trend.”
IG Markets…
