Bitcoin is expected to break $120,000! The crypto market surges
Standard Chartered Bank predicts that Bitcoin will reach $120,000 in the second quarter and points out that Ethereum still has upward potential, although the increase is limited. On May 8, the crypto market saw a general rise, with Bitcoin breaking through $104,000 and Ethereum increasing by over 20%.
The United States and the United Kingdom have reached a trade agreement, boosting market risk appetite. Ethereum's Pectra upgrade has gone live, aimed at improving staking efficiency and decentralization features. In the past 24 hours, nearly 200,000 people faced liquidations, totaling $933 million. The continuous inflow into the U.S. spot Bitcoin ETF provides support for Bitcoin's price. Analysts are cautiously optimistic about Ethereum's trend, believing the Pectra upgrade will help restore confidence, although it is uncertain whether it can return to previous highs.
Meanwhile, the growth potential of SOL on the other hand should not be underestimated! SOL has already seized the potential of the meme wave, creating a new wave of memes, and those with spare cash are daring to position themselves early in some promising meme coins. Among them, the meme coin associated with Trump is particularly popular, especially the heroic dog Co nan, backed by Trump's strong IP and an active community. Its market value once broke the $10 million mark; despite a slight pullback due to the larger market, it has recently rebounded strongly to about $7.7 million, making it a great opportunity to enter and accumulate. The number of holders has exceeded 13,500 and continues to grow, making it highly likely to become a dark horse in the bull market in the future!
$ETH $SOL $XRP
