Right now, it is predicted that today's market for altcoins may experience a widespread rise, which is worth paying attention to! Bitcoin is expected to continue consolidating, remaining within the range of $95,000 to $98,000.

As long as it does not fall below this range, the downside risk is limited, and there is a chance for altcoins to perform well.

Currently, Bitcoin lacks significant momentum to break through $100,000 in the short term, primarily constrained by the following factors:

1- Divergence between large holders and institutions: Large holders are cashing out at high levels while institutions continue to accumulate.

2- Capital outflow effect: Some funds are flowing into altcoins, driving the altcoin market to initiate.

The political turmoil in the United States cannot change the upward trend in crypto, platform tokens have surged!

President Simida announced a state of emergency last night, and without a doubt, the ones buying are still crypto users. Last night, BTC on Upbit briefly spiked to over $60,000, which is simply unimaginable; fortunately, it did not affect the overall market on other exchanges. However, for contract users, this spike could have resulted in a clean wipeout.

This bull market is still led by the United States, which is crypto-friendly. Unlike the FTX collapse, there has been no crisis within the crypto industry itself.

The spike on Upbit last night caused crypto funds and users to flee from the United States, which in turn is beneficial for other exchanges. This morning, BNB, OKB, and BGB all saw different levels of increase, with BNB surging more than 18%.