Bitcoin has shown commendable resilience by maintaining its position above the $107,000 mark, signaling a potential for a record-breaking rally. Recent data from CoinMarketCap reveals that the leading cryptocurrency is currently valued at $107,234, despite a slight 0.5% dip in the last 24 hours. This follows a previous dip below the $100,000 mark, indicating a recovery from past turbulence. Jeff Mei, COO of BTSE, anticipates that easing tensions between Iran and Israel will prime the conditions for Bitcoin to surpass the $112,000 milestone. Furthermore, prospective interest rate reductions and geopolitical stability are spotlighted as encouraging factors for potential buyers.

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