Bitcoin, Stock Market
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Investors worried about the US debt pile are braced for a looming House vote on President Trump's "big, beautiful" tax bill.
Find out the best crypto stocks to buy as odds of Bitcoin price surging to $150,000 jump, including Coinbase, Robinhood, and Cleanspark
Saylor has also clarified that the company intends to keep buying, even at all-time highs. Interestingly, Strategy has never sold Bitcoin. Strategy's share price sits at $419.57 at press time, up over 0.66% over the last day.
At current market levels near $110,600, Bitcoin is up nearly 4% for the week, 18% month to date, and 19% since the start of the year. The short-term focus has now shifted to potential upside targets at $115,000 and $120,000, levels that would mark new psychological milestones if broken.
A rebound in some of the world’s largest technology companies pushed stocks away from session lows, though concerns about the US fiscal footing still lurked in the background - driving bonds and the dollar down.
Bitcoin price reached a new all-time high of $109,565 on Wednesday, May 21. Recession expectations in US stock markets and rapid capital outflows from
U.S. spot Bitcoin ETFs posted $609 million in net inflows, marking six consecutive days of positive flows as Bitcoin surged above $111,000.
Market capitalisation topped $3.5 trillion on Thursday morning, later retreating slightly below that round level. Interestingly, Bitcoin's all-time highs have yet to spark FOMO. The historical highs of the first cryptocurrency keep the market positive, but the growth rate of altcoins is still commensurate with the dynamics of BTC.
While bitcoin BTCUSD evangelist Michael Saylor’s claim may not be strictly true, the inexorable rise of the cryptocurrency continues and the milestones keep coming. Bitcoin hit an all-time high of $111,