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…

Source link