Bitcoin is showing signs of preparing for another major rally, consolidating above $94,000 after breaking key resistance levels. With strong momentum building, the leading cryptocurrency could soon retest the $100,000 mark.
In the broader market, U.S. stocks closed the week higher despite ongoing global trade uncertainties. The S&P 500 rose 0.5%, and the Nasdaq Composite gained 0.9%, while the Dow Jones Industrial Average dipped slightly by 0.1%.
Investor confidence was boosted by Alphabet’s strong earnings, with revenue and profits beating expectations. Tesla also surged nearly 10% after favorable developments, including Elon Musk stepping back from his DOGE-related government role and supporting new self-driving car regulations.
For the week, the S&P 500 climbed over 4%, the Nasdaq jumped more than 6%, and the Dow added 2%. Bitcoin recorded its best weekly performance since November, fueling optimism that a six-figure breakout could be on the horizon, even as trade tensions between the U.S. and China continue to stir uncertainty.
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