Bitcoin Tops $100K as Ethereum Upgrades, Fed Holds

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The other big news from this week came from the SEC and Ripple.

There’s a lot to unpack from the past seven days, so let’s get straight to it.

Let’s take you back to our previous Market Update from last Friday when BTC targeted $100,000 yet again. This transpired after the asset had gained over $20,000 since the early April lows. However, BTC was stopped there and couldn’t continue into a six-digit price territory.

The weekend was sluggish, while the beginning of the new trading week brought some pain. In fact, BTC was stopped at $96,000 and pushed south to under $94,000 on May 6. With the US Federal Reserve expected to maintain the key interest rates at current levels (4.25%/4.5%), there was little hope on the horizon.


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