Bitcoin breaks $100,000: driving factors and market sentiment


Bitcoin has broken through $100,000 as expected, driven by strong bullish trends in the US stock market. The rise in US stocks has directly pushed Bitcoin's price upward. At the same time, the cryptocurrency market has shown positive liquidity, with net inflows into Bitcoin ETFs reaching 7,800 units, all of which provide strong support for Bitcoin to break through $100,000.


Technical Aspect: Challenge of Head and Shoulders Pattern


On the technical side, although Bitcoin has broken through the key psychological barrier of $100,000, attention must still be paid to the formation of the right shoulder of the head and shoulders pattern. The right shoulder of this pattern may not necessarily form; after all, Bitcoin has broken through the previous key resistance level of $100,000, and the break of these price ranges can be seen as a dividing line between bulls and bears.


Further looking, the position of $100,004 is at the Fibonacci 0.782 level. If Bitcoin can firmly hold above this position, the probability of hitting a new high in January or breaking recent highs will significantly increase.

Altcoin sector warms up and AI ecology rises


Trump concept Memecoin surges rapidly


Trump was officially confirmed for re-election as President on January 7, and the related cryptocurrencies have ushered in a new round of increases. The TRUMP token has surged over 80% in the past three days, while MAGA and TRUMPCOIN have seen increases nearing 100%. Although these gains have speculative characteristics in the short term, the Trump administration's crypto-friendly stance brings broader positive expectations to the market.


AI concept tokens continue to strengthen


At CES 2025, artificial intelligence once again became the focus of the tech field, with AI concept cryptocurrencies also strengthening. WLD, RENDER, and IOTA saw increases of 10%, 8%, and 6%, respectively. AI16Z's short-term increase exceeded 25%, and AIXBT's price broke back above 0.55 USDT. The market shows high interest in the long-term potential of combining crypto technology with artificial intelligence.


AI agent leads market narrative


Key Performer: $VIRTUAL, an AI agent launch platform based on Base, with a market cap doubling from $2.5 billion to $5 billion in 10 days.


Other projects in the ecosystem:


$AIXBT: Twitter-based agent, growing from $300 million to $600 million;


$GAME: nearing $400 million;


$AI16Z (based on Solana): increased from $1 billion to $2.5 billion.


Other notable projects include:


$ZEREBRO ($800 million), $GRIFFAIN ($470 million), $ARC ($400 million).


AI agents are leading a new wave of innovation, attracting significant investment and attention.