Bitcoin is trading 2% below its all-time high, currently valued at 109,036 USD. Analysts believe it could hit new records this week, driven by U.S. Tariff negotiations and positive developments in the crypto space.
Markus Thielen from 10x Research forecasted a bullish trend for Bitcoin post-July 4th, emphasizing that markets are likely to overlook tariff risks if delays are announced. Elon Musk’s supportive comments on Bitcoin may further influence market sentiment.
The crypto market has recently surged more than 50 billion USD in capitalization, indicating strong trader activity and potential for price discovery as Bitcoin approaches its previous high.
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