Bitcoin Crosses Above $100,000, Pushing MicroStrategy, Robinhood, Coinbase Higher
Bitcoin has broken through the $0.1 million milestone! This is the first time since February of this year.
Analysis suggests that the recent market uncertainty has actually fueled the rise of Bitcoin, as investors begin to doubt the dollar's status as a safe haven, which may continue to support Bitcoin's trend. Although the Trump administration has softened its tough rhetoric on tariff issues, the market is still waiting for a clear direction in its trade policy.
Risky assets are recovering, pushing the market as Bitcoin returns to the $100,000 milestone.
On Thursday, Bitcoin returned to over 0.1 million USD, breaking this psychological barrier for the first time since February of this year.
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QCP: Expectations for a trade agreement boost the market, Bitcoin approaches one hundred thousand dollars.
According to Wu, QCP Capital stated that the Federal Reserve maintained interest rates as expected, with Powell taking a cautious stance and not committing to the number of rate cuts for the remainder of the year. The market expects that three rounds of rate cuts will begin in July.
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