Bitcoin (BTC) continued to rise over the past 24 hours, reaching $106,000 for the first time this year, before pulling back by around $2,000. BTC Hits $106K Bitcoin began the week with a sharp drop to a low of $89,200. After this decline, the bulls stepped in, pushing Bitcoin back above $97,000. Positive US CPI data on Wednesday led to further gains, and Bitcoin surged past $100,000. The flagship crypto eventually reached $106,000, its highest since mid-December, but could not surpass $108,000 and has since dropped to $104,000. Its market cap is now nearly $2.05 trillion, with dominance approaching 55%. Meanwhile, while most altcoins are retracing, SOL has risen 10%, reaching its highest level since early December, nearly $240. Other altcoins, like XRP, Ethereum, BNB, and ADA, have all seen losses, with TRUMP continuing to impress . Despite this, the total crypto market cap remains above $3.7 trillion. Other Markets Donald Trump recently met with Republican Senators on Capitol Hill, while traders are preparing to navigate the risks due to his trade policies in Asia. Meanwhile, San Francisco faces a record-high office vacancy rate, and regional banks are grappling with the effects of rising Treasury yields. Elsewhere, port closures have been enacted in Western Australia because of a cyclone warning, and Kantar plans to sell its media division to H.I.G. for $1 billion. In Nigeria, inflation has surged to nearly an 18-year high, prompting a planned tax overhaul by July. Commerzbank is considering job cuts as part of a strategy revamp, and U.S. Ambassador to India Eric Garcetti is in discussions with Indian leaders about easing nuclear liability laws. Additionally, China is scouring the globe for new food suppliers, actively preparing for potential trade wars and the return of Trump as United States President.
