Market capitalization increased by 0.5%, reaching 3.44 trillion USD but remains below its recent peak. Bitcoin continues to experience limited movement between 106,600 USD and 111,700 USD, showcasing Fibonacci resistance that complicates future gains.
Ethereum and Solana are struggling against their 200-day moving averages. The market exhibits indecision, where Bitcoin’s fluctuations signal potential influence over other altcoins but currently lacks direction.
In related news, Trump Media is aiming to create a Bitcoin reserve of 2.5 billion USD through stock and bond sales. Circle is moving forward with a 600 million USD IPO, while Cardano’s founder supports Ripple’s stablecoin integration.
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