BITPRISMIA
Bitcoin and ether are nearing record highs, with market conditions and broader capital markets providing supportive momentum for a sustained rally.
Bitcoin's price pulled back to $119K as upcoming CPI and PPI inflation data could influence its momentum, with analysts noting potential volatility and a possible retracement.
Cryptocurrencies experienced significant declines despite a surge in gold and bonds following soft U.S. jobs data, with crypto-related stocks like Coinbase leading the downturn.
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Ether (ETH) reaches a five-month high due to corporate ether treasury strategies and ETF inflows, while Bitcoin shows signs of recovery from a recent dip.
Analysts suggest Bitcoin's market top is 'nowhere near' as the price pauses at $120K, with some altcoins like XRP, SUI, and UNI showing gains.