CryptMarket Analysis — 04-10-21
Bitcoin and major altcoins surged to new highs over the past hours as traders priced in ongoing macroeconomic uncertainty and possible regulatory easing. The rally was fueled by headlines of Bitcoin smashing through the $119,000 mark, heightened ETF inflows, and resilient activity on equity-linked crypto exchanges. Meanwhile, regulatory scrutiny intensifies, with stablecoin settlements in multi-billion dollar deals and renewed focus on U.S. compliance, yet overall market sentiment remains bullish as safe-haven appeal grows amid talk of a government shutdown. Strong technical momentum and optimism around institutional adoption suggest the uptrend could have further to run.