On the night of May 8, 2024, at 11 PM, Bitcoin surged again, breaking through the $100,000 mark once more. The last time Bitcoin broke the $100,000 mark was at 10 AM on December 5, 2024. Bitcoin continues to surge; the long-awaited six figures have finally arrived, and the market is starting to celebrate again. The most common statement today is: the good news is that Bitcoin broke $100,000, and the bad news is that retail investors didn't make any money.
It has been 98 days since Bitcoin last stood above the $100,000 mark; it is currently quoted at $103,756, having risen about 40% from the bottom price in early April.
Today's cryptocurrency market fear and greed index is 73, up from 63 yesterday, indicating market sentiment is greedy. Today's total global crypto market cap is $3.18 trillion. Bitcoin's total market cap is $2.02 trillion, accounting for 64%.
CZ told retail investors four years ago not to sell Bitcoin below $100,000. Bitcoin goes down and then comes back up. In less than a hundred days, many retail investors will likely panic and sell at a loss. Trump has disrupted the original rhythm of the crypto market, making cycle operations very bumpy, but the outcome should not be too bad. The crypto market experiences one storm after another during its ups and downs; holders need to endure loneliness and understand the concept of asset allocation.
Trump starts to shout that the US economy is performing well and is about to take off in an unprecedented way. It seems that the bottom long positions have been established, and this operation is obviously a case of first suppressing and then raising.
After the rise of Bitcoin, Trump will first short sell, then create a big negative event to harvest globally. The $36 trillion in US debt is something Trump doesn't care about at all. Trump only cares about his own pocket; by going back and forth a few more times, the Trump family will make a fortune, and there's no need to worry about the dollar tide, it's too troublesome.
Ethereum recently broke through the $2,000 mark, with a daily increase of 22%, driving a rebound across all altcoins. MEME coins like Squirrel and Hippo doubled in just two days. Public chain tokens like Solana and Sui saw increases of 30% to 40%, with some projects like ALPACA even rising fivefold against the trend. Market sentiment is warming, and investors believe the window period for altcoins has opened.
To be honest, I'm not excited about Ethereum's big rise today. Retail investors need to be cooler and not pay too much attention; let Ethereum's crazy rise attract retail investors, and then give it a second glance. I hope this Ethereum upgrade enhances performance and allows more project teams to innovate more gameplay here, which can bring about a stronger rise. If there are no new gameplay innovations, I won't buy anymore in the future.
Everything is back; it's back to $100,000. This is a great beginning, and altcoins are starting to party again, but not many retail investors can hold on until now.
Looking back at the two small bull markets in 2024, one in March and one in December, Bitcoin's market cap did not exceed 70% in either case, and after Bitcoin broke new highs both times, altcoins only rose for one round before beginning to plummet.
Looking back at the bull market from January to April 2021, Bitcoin's market share reached over 70% in January. Subsequently, it continuously broke new highs, tripling over the next four months, while altcoins multiplied by dozens of times. If Bitcoin does not break new highs in the future, there will indeed be no altcoin season! Or if Bitcoin breaks new highs and then falls back, there won't be an altcoin season either!
In previous bull market altcoin seasons, Bitcoin's total market value share was over 70%, and Bitcoin had to break through the previous high before altcoins would start to rally. After Bitcoin stabilizes, it continues to rise, and then consolidates, with altcoins also continuing to rise. After several rounds of increases, when Bitcoin reaches its peak, it begins to fall, and altcoins start to decline as well. The long bear market then begins! Bitcoin can drop as low as 85% in a bear market, while altcoins can drop 99%.
The strongest altcoin season is about to officially begin. In the early stage, altcoins dropped 90%, and most altcoins have fallen to the point of no return. After the panic, the carnival is about to arrive. In the next two to three months, after Bitcoin breaks through the previous high of $110,000, altcoins will experience an explosion, with Sui and its ecosystem, as well as MEME coins leading the way. According to previous bull market trends, Bitcoin will reach its peak of $186,000 in November 2025. According to popular online opinions, since many North American institutions are entering the crypto space this time, the market trend will be slower and stronger, with Bitcoin expected to reach a peak price of $220,000 by April 2026.
