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Bitcoin is nearing the $94,000 mark, which it briefly surpassed in early March. Sustained trading above this level was last observed in late February, before the most recent sell-off began. The market has signalled a clear bullish trend, initiating a sharp rise from the 50-day moving average and breaking through the 200-day with determination. In recent days, the price has also exceeded the downward resistance that had been in place since late January. The next target seems to be the $96,000 region, but the broader picture suggests a rally gaining momentum with the potential to challenge all-time highs near $110,000.
Crypto News
Last week, MicroStrategy acquired an additional 6,556 BTC for $555.8 million at an average price of $84,785 per coin. The company now holds 538,200 BTC, accumulated at an average cost of $67,766. The total investment is estimated at $36.47 billion.
Shares of consumer goods producer Upexi skyrocketed more than sixfold after the company announced that Solana would be adopted as a reserve asset. The company plans to bolster its position in SOL and stake the tokens it possesses.
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