Crypto markets rebounded on easing inflation data and speculation that US-based altcoins such as XRP and SOL will be added to the US Strategic Crypto Reserve.
Crypto markets faced a sharp downturn this week amid rising Treasury yields, a stronger dollar, and news of a potential $6.5 billion Bitcoin liquidation.
Bitcoin (BTC) surged past $100K for the first time, sparking a market rally before a sharp reversal triggered liquidations and eased extreme market greed.
Bitcoin's journey from mere cents to surpassing $100,000 exemplifies its transformative impact on global finance and the growing acceptance of cryptocurrency.