Bitcoin Holds Above $100K, Altcoins Slide as Analyst Sees Crypto Rally Into Summer

Quick Summary:

After testing the $100,000 level early Thursday, bitcoin reversed to above $103,000.

He said that forward-looking indicators project global financial conditions improving into the summer months, driven primarily by the U.S.dollar weakening.

According to Steno Research, crypto tailwinds stem from a stealth expansion in private credit—especially in the U.S.and Europe.

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Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets: United StatesChinaCuba

Topics: Bitcoin News Markets Market analysis Market Wrap

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 21:13:09 (23 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28735429

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