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Bitcoin, ether rally amid 'Goldilocks' market conditions
CoinDesk·
Bitcoin and ether are experiencing a 'Goldilocks' rally, climbing alongside U.S. equities with steady, non-overheated bullish demand indicated by funding rates. Analysts suggest bitcoin needs to consolidate above $73,000-$75,000 to target $90,000, with global market optimism supporting this potential rise. While select altcoins and memecoins are also seeing gains, broader market participation remains limited. The current environment, supported by a weaker dollar and easing oil prices, presents a favorable scenario for risk assets, though sustained consolidation is deemed necessary for further significant upward movement.
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crypto
fintech
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Original Source
CoinDesk — coindesk.com