With Bitcoin reaching a new historical high, the price has surpassed $76,400 per coin, leading to a strong overall rise in the cryptocurrency market. The global cryptocurrency market capitalization has first exceeded $2.6 trillion, with Bitcoin's market cap reaching $1.495 trillion, accounting for half of the global crypto market. This historic breakthrough not only showcases Bitcoin's dominance in the crypto space but also indicates that market confidence in digital assets is continuously strengthening.
The reasons behind Bitcoin's continuous price increase can be summarized by several key factors. First, global macroeconomic uncertainties are prompting more investors to seek Bitcoin as a safe-haven asset, especially under the increasing pressure of fiat currency devaluation, where Bitcoin's 'digital gold' characteristic is gradually being recognized. Secondly, the involvement of institutional investors has further boosted Bitcoin demand, from asset allocation by various listed companies to the popularization of ETFs, institutional forces are gradually guiding Bitcoin into the mainstream financial market. Additionally, as cryptocurrency technology develops, more application scenarios are being explored, attracting increasing amounts of capital into this market. The significant rise of Bitcoin is, of course, also influenced by Trump's election victory.
The future of the cryptocurrency market remains bright. Despite the potential for adjustments in the short term, the long-term growth trend of Bitcoin is fundamentally assured under strong demand and technical support. For players, the rapid development of the market brings both opportunities and risks. It is recommended to stay attentive to policy trends, manage positions wisely, and view subsequent market performance with cautious optimism.
Musk has once again become the world's richest person, demonstrating through action that 'donations are returns.' In the 2024 U.S. election, Musk donated $177 million to support Trump, and his current wealth growth clearly shows that he has profited immensely. Tesla's performance after Trump's election was explosive, rising 30% within just five days, with a total market value exceeding $900 billion. Musk's fortune has surged from $262 billion to $290 billion during this wave of growth, truly a wealth myth.
When it comes to the 'return rate' of this donation, it truly is unmatched: a 158-fold return! This is Musk's unique 'political economics,' understanding both capital operations and how to choose political allies. For him, this donation is not just support but also a smart investment. Tesla's market performance in the electric vehicle sector, coupled with the Trump administration's support for industrial revival, has led to a very positive trend in Tesla's stock price.
For players, Musk's success undoubtedly releases positive signals, especially for those enterprises that can closely follow policy directions; they are likely to see more upward opportunities in the future. This case reminds us once again that the capital market is not just a game of numbers; sometimes it also requires precise political sensitivity and long-term strategic vision.
Yesterday, the U.S. spot Ethereum ETF saw a net inflow of 21,600 units, valued at $52.3 million.
Yesterday, the U.S. spot Bitcoin ETF saw a net inflow of 8,967 units, valued at $622 million.
BTC: Bitcoin formed a large bullish candle on the line level yesterday, with BTC price breaking through the key psychological level of $76,400. From the indicators, the MACD green bar volume has not yet continued to expand, indicating strong bullish momentum, while the RSI has entered the overbought zone (72.26), suggesting that the rapid market rise may bring some correction pressure. CCI is also at a high of 181.56, meaning the market is extremely active in the short term.
In summary, considering the current market's top divergence signals and the upward trend of the 5-day moving average, it is expected that the next 1-2 days may see some fluctuations and minor corrections to digest current profit-taking. This brief adjustment could be a good opportunity to accumulate momentum for the next upward wave. If the price finds support at the 5-day moving average after the adjustment, there is hope for further upward movement, potentially even challenging the $80,000 mark. Players can patiently wait for this adjustment period, looking forward to greater gains in the medium to long term.
ETH: Ethereum posted a large bullish candle yesterday and is currently above the 120-day moving average. After a brief adjustment, there is potential for further upward movement in the coming market.
Altcoins: As it stands, altcoins have yet to welcome an independent uptrend season and mainly follow Bitcoin's price fluctuations. There seems to be signs of a turning point in Bitcoin's market cap ratio, but further confirmation is needed. Personally, I believe Bitcoin may need to rise further before the true explosion season for altcoins arrives, and this point may only come after Bitcoin breaks through the $80,000 mark. Players need to remain patient and wait for the right opportunity.
Today's Fear and Greed Index: 77 (Extreme Greed)#山寨季将至？
