Bitcoin Skyrockets Past $105,000 Mark, Triggers $250 Billion Crypto Market Rally
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Bitcoin (CRYPTO: BTC) has surged beyond the $105,000 mark, setting off a $250 billion rally in the wider cryptocurrency market.
On Sunday, Bitcoin’s climb to $105,424.45 has pushed its market value over $2.05 trillion and significantly lifted altcoin prices.
According to reports, this surge follows a mix of inflation data, increased confidence regarding interest rate cuts, and significant fund inflows from both retail and institutional investors.
Don’t Miss:
The rise in Bitcoin’s price, a 37.5% increase from its April low of less than $75,000, is propelled by a combination of strong technical breakouts and…