Bitcoin Surpasses $104,000 as Dogecoin Rallies 10%
Bitcoin surpassed $104,000 for the first time in over two months amid a market rebound. Key points include:
- Dogecoin (DOGE) increased by 10%, while Ethereum (ETH) rose 3.5% after the Pectra upgrade, leading to over 30% weekly gains.
- Other cryptocurrencies like Solana (SOL), Cardano (ADA), XRP, and BNB saw gains between 2-6% due to improved investor sentiment.
- New Hampshire and Arizona passed bills supporting state-level Bitcoin reserves, reflecting a pro-crypto stance ahead of elections.
- President Trump's positive comments on U.S.-China trade talks and a new U.S.-U.K. trade agreement improved market sentiment.
- Bitcoin is about 5% below its January record high of over $108,700.
- Analysts suggest the crypto market may have found renewed momentum as a hedge against uncertainty.
- Increased institutional interest in Ethereum following the Pectra upgrade is expected to drive prices higher.
Traders are monitoring ongoing U.S.-China negotiations for potential impacts on market stability.