Bitcoin's price saw a significant increase, adding over $2,000 to its value. The market experienced a brief drop to a two-month low, causing panic among investors. However, the price has since rebounded and is currently trading above $97,000. Altcoins like Ethereum and XRP have also seen gains. The recent decline in Bitcoin and the broader cryptocurrency market can be attributed to expectations of higher interest rates and shifting sentiment around pro-crypto policies. Technical analysis suggests that Bitcoin's price could continue to rise, potentially reaching new all-time highs if it breaks through key resistance levels. Long-term projections for Bitcoin's price vary, with some predicting significant gains by 2025.



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