Bitcoin soars to $107,000: Will the upward trend sustain? Experts weigh in
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6 days, 7 hours ago

Bitcoin soars to $107,000: Will the upward trend sustain? Experts weigh in

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Bitcoin surged to a record-breaking high of $107,000, reflecting a nearly 6 per cent increase over the past week. Bitcoin among 10 most-valued assets Bitcoin’s leap beyond the $107,000 mark follows a steady seven-week winning streak, underscoring the cryptocurrency’s robust fundamentals. Similarly, Tanvi Kanchan, Head of Strategy at Anand Rathi Shares and Stock Brokers, highlighting the broader implications of these developments said, “The proposed Strategic Bitcoin Reserve and increasing corporate treasury integration signify a shift toward mainstream adoption.” Global Crypto Outlook As the crypto market matures, innovations in decentralised finance, blockchain interoperability, and tokenised assets are expected to redefine financial systems. Sathvik Vishwanath, Co-Founder & CEO of Unocoin, described Bitcoin’s surge as transformative, saying, the market focus now shifts to the $110,000 level as momentum remains strong despite earlier bearish predictions. Thangapandi Durai, CEO of Koinpark, said Bitcoin's sustained momentum alongside broader adoption and innovative use cases, signals a promising future for the crypto token.

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