Bitcoin Nears $50K as Traders Eye Record High Retest on Bullish Sentiment
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Bitcoin briefly crossed $50K, sparking renewed bullish sentiment among traders. Solana's SOL led gains among major cryptos.
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Bitcoin's rally attributed to ETF approvals and record run in U.S. equities stoking demand. Focus now on retest of 2021 peak.
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Franklin Templeton applied for a spot Ethereum ETF, joining major players like BlackRock, Fidelity, Ark, and others.
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Crypto traders snapping up cheap, out-of-the-money bitcoin call options around $65K-$75K on Deribit exchange. Reflects bullish mood.
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Survey shows tech stock allocation by fund managers at highest since Aug 2020. Potential bearish turn could weigh on crypto.