Bitcoin price chart showing surge to $112,000 after CPI data release followed by retreat during US trading hours

Bitcoin Briefly Tops $112,000 on Soft CPI Data Before Retreating Amid Wall Street Selling

Bitcoin experienced a volatile trading session on Friday, briefly surging to $112,000 following softer-than-expected U.S. inflation data before retreating as traders confronted thin liquidity and selling pressure at the Wall Street market open. Inflation Data Triggers Risk-On Rally The initial surge to $112,000 occurred after the latest Consumer Price Index (CPI) report indicated cooling inflation…

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Cryptocurrency market capitalization chart showing growth to $3.69 trillion with Bitcoin and major altcoin performance

Cryptocurrency Market Adds $40 Billion as Bitcoin Nears $111,500

The global cryptocurrency market capitalization reached $3.69 trillion on Thursday, recording a 1.10% increase over the past 24 hours as digital assets extended their recent gains. The upward movement was led by Bitcoin approaching the $111,500 level while several altcoins posted substantial gains. Bitcoin Shows Strength Bitcoin (BTC) demonstrated steady performance, trading between $108,686 and…

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Galaxy CEO Mike Novogratz during CNBC interview discussing Bitcoin price prediction of $120,000-$125,000

Galaxy CEO Mike Novogratz Projects Bitcoin to Reach $120,000-$125,000

The Bitcoin price prediction, In a recent interview on CNBC’s ‘Squawk Box,’ Galaxy Digital founder and CEO Mike Novogratz provided a bullish yet measured outlook for Bitcoin, forecasting that the cryptocurrency would likely trade between $120,000 and $125,000 by the end of the year. This projection underscores continued institutional confidence in the digital asset amid…

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Graphic of tightly compressed Bitcoin Bollinger Bands indicating a historic volatility squeeze.

Bitcoin Bollinger Bands Signal Major Price Move, Analysts Divided on Direction

A key technical indicator for Bitcoin is signaling that a period of significant price movement is likely ahead. The weekly Bollinger Bands, which measure market volatility, have tightened to their narrowest point in history. This compression suggests that the market is coiling up for a potential breakout. Analyst Mr. Anderson stated that when volatility contracts…

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