Bitcoin Breaks and Pulls as Ethereum Tests $2800 on Gamesquare Bet
Bitcoin broke $112,000 levels with approximately 3% price appreciation over the last 24 hours in the crypto market. However, the world’s largest crypto asset has pulled back, trading at $111,200—a previous resistance it struggled to break.
Ethereum, however, is popping as investors continue to strengthen positions amidst projections that the second-largest cryptocurrency could hit $3000 in the coming days. Data from CoinMarketCap.com showed Ethereum has gained about 7% in the last 24 hours in the crypto market as Nasdaq-listed GameSquare bets $100 million on ETHUSD.
Ethereum is trading at $2,780 at the time of writing, though it had tested $2,800 during early trading hours before a 25 basis point pullback dragged its market value downward.
The crypto’s gains came amid a broader market rally, with Nvidia and other tech names surging as investors shrugged off worries about U.S. tariffs. Digital assets tend to move in tandem with riskier growth stocks.
It wasn’t immediately clear why Bitcoin dipped shortly after breaking through the $112,000 level, but it’s possible some traders were just taking the opportunity to lock in profit after rally.
Meanwhile, Bitcoin price prediction for 2025 is turning increasingly bullish. This surge in optimism is driven by record-breaking inflows into spot Bitcoin ETFs, rising institutional interest, and strong political support, including Trump’s plan to create a Strategic Bitcoin Reserve.
Bitcoin bulls now eye the next psychological target near $115,000, with some calling for $120,000 before summer is out if macro conditions hold steady. #Bitcoin Breaks and Pulls as Ethereum Tests $2800 on Gamesquare Bet Ethiopia Unlocks Access to $262 Million Loan from IMF
