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After breaking out the previous day, Bitcoin saw a slight pullback yesterday but remains above key levels. Meanwhile, altcoins continued their push higher, led by the number two, Ethereum. Ethereum is back above $4,000, up nearly 3%, and driving broader market strength, pulling the majority of altcoins with it. In altseason, it is typical for altcoins to rebound faster and take the lead when the market turns bullish.
Eric Trump continues to post bullishly on Bitcoin and Ethereum, saying it “puts a smile on my face to see $ETH shorts get smoked today” and urging people to “stop betting against Bitcoin and ETH.” Harvard has also purchased over $100 million worth of Bitcoin through the BlackRock ETF, showing continued growth and institutional allocation across sectors.
Overnight, further announcements emerged on the geopolitical tensions influencing markets. Putin has offered a ceasefire in Ukraine in exchange for Eastern European territory. We await the response from Ukraine and the US, but it could signal that the conflict is moving towards resolution.
Stormrake Spotlight: Hedera (HBAR) ($0.261)
Stormrake Spotlight: Hedera (HBAR) ($0.261)
