Bitcoin flirts with $ 112,000 – ethereum, Dogecoin Spike even in case of stock fears on debt concerns: Analysis platform sees a challenge for BTC at this level – Trupco Mini Trust (BTC)

The leading cryptocurrencies rose to the top on Thursday, even when the stocks remained slow because of the president Donald Trump Debt fears caused by the tax bill.

What happened: Bitcoin Nearly $ 112,000 has reached the day, as part of a record march that places the upper cryptocurrency in a tail.

ethereumThe second largest encrypted currency increased by almost 4 % during the day, raising its hegemony in the market to 9.3 %.

Bitcoin increased more than 18 % in May, while ETHEREUM’s gains month to a date exceeded 47 % to this writing.

More than $ 300 million from the cryptocurrency market has been filtered over the past 24 hours, with short pants bearing the largest burden.

Bitcoin’s open interest has not changed largely over the past 24 hours, while Ethereum has seen a 9 % jump in the derivatives closed.

Interestingly, the majority of the Binance BTC merchants are still short in the leading cryptocurrency.

According to the Crypto Fear and Greed Index, the market morale has dramatically turned from “neutral” into “greed” within a month.

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The global market value of the cryptocurrency was $ 3.50 trillion, after an increase of 1.67 % in the past 24 hours.

The arrows almost finished flat on Thursday. the Dow Jon’s industrial average It lost 1.35 points to end at 41,859.09. the S & P 500 It decreased by 0.04 % to close at 5,842.01, while technology focuses on technology Nasdak Close 0.28 % higher at 18,925.73.

Investors responded to the House of Representatives, who passed the Trump Tax Tax Bill, raising concerns about debt increases and pushing the treasury return for 30 years to levels that have not been seen since October 2023.

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The analyst notes: Market analysis platform Parchart The expected upcoming Bitcoin movements, expecting a “challenge” about $ 113,500.

“This trend says for 8 years that he will face a challenge at about $ 113,500. Since late 2017, it has ended. Will this time be different?” Barsht speculation.