On November 22, Bitcoin broke through 99,000 to reach a historic high, just a step away from 100,000, with an increase of over 40% in just two weeks. Bitcoin continues to rise, with a market share of 61%, and is expected to continue climbing. The real altcoin season has not yet arrived; although coins like Doge, XRP, ADA, and Pepe have performed strongly, it does not mean that the altcoin season has erupted. The current rise is more due to speculative funds flowing in for the elections, with overflow funds entering Doge.
Looking back at the bull market in 2021, the altcoin season fully erupted starting January 1, when Bitcoin's market share reached 73%. The first wave of altcoin peaks appeared in May 2021, followed by the second wave in January 2022. It is worth noting that these two waves of altcoin rises did not come from the same batch of projects, so profits should be taken in a timely manner after trading and not become attached.
Since Trump won the election on November 5, the entire cryptocurrency market has risen by about $1 trillion. Trump has become the 'cheerleader' of the crypto community, with Bitcoin nearing the $100,000 historic high, mainly driven by optimistic market expectations. Trump's support for cryptocurrencies is seen as a key factor in driving market prosperity, signaling that the U.S. may adopt a more friendly regulatory policy toward cryptocurrencies.
It is reported that the Trump team is considering establishing a position specifically responsible for digital asset policy, which will be the first such position in the United States and will communicate directly with the incoming president. This discussion follows the Trump Media Group's plan to acquire the cryptocurrency trading platform Bakkt and the launch of the U.S. Bitcoin ETF options, further boosting market sentiment. In addition, the news that SEC Chairman Gary Gensler will resign on January 20, 2025, has triggered a positive market reaction. Gensler's tough regulatory measures during his tenure, including approximately $21 billion in fines, have faced widespread criticism in the crypto community, and Trump has stated that he will replace the SEC chairman.
Alright, back to altcoins: Friends, Ethereum has finally stood up, rising over 300 points yesterday, with an increase of more than 10%. The Layer 2 track has also been boosted, with OP rising over 20% and Arbitrum rising about 12%. Ethereum's ignition usually lags behind BTC, and once it explodes, the increase can reach 30-50%, making profits just around the corner. Most altcoins should start planning to clear positions at this point.
Ethereum rebounded early in the morning, and the market began to regain confidence in the 'altcoin season.' Although Bitcoin is nearing $100,000, the sentiment has not yet broken through the previous high of $73,000, and many people are still not in profit. Now, with Ethereum's catch-up, altcoins are also expected to follow in rising, and everyone can look forward to a new wave of enthusiasm! Little Meow here recommends several potential coins that can continue to be laid out:
Aptos is rising, marking a significant breakthrough in the blockchain industry! Circle will launch native USDC and CCTP on Aptos, further enhancing its stablecoin support capabilities. At the same time, Stripe will integrate Aptos into its crypto payment products, providing merchants with a more convenient fiat payment channel. This collaboration makes Aptos a bridge between traditional finance and blockchain, greatly improving transaction efficiency. The rapid development of Aptos has been recognized by several institutions, including Circle, Stripe, Tether, and Aave, laying a strong foundation in the finance and payment sectors. With the addition of these supporters, Aptos is moving toward becoming a dark horse in the global payment field, and once the coin price rises, it may replicate the successful trend of SUI.
MASK
The daily trend continues to rise, although there were two days of correction, it quickly rebounded. Big brother Doge has also started to exert force, and in this wave of market, MASK is about to shine!
$ULTI
The combination of the gaming sector and AI sector is currently showing a daily convergence trend, with increased volume at the bottom, nearing the end. This is a good entry opportunity. Consider spot operations to bet on a rebound! Set the stop loss in the range of 0.0109-0.0107, which is just below the new low.
Has successfully broken through the bottom range oscillation, completing a classic three-buy pattern after breaking through on Tuesday. Today, it has once again moved away from the bottom, and the outlook is bullish!
It has broken through the bottom range oscillation, with only a one-time correction in March, showing very strong performance. There are expectations of potential doubling soon!
Recently, these coins have fluctuated significantly, so it is advisable to avoid contract operations as much as possible. Friends, come here to gather and unite!
#比特币突破10万？ #ETH市场新动向
