Bitcoin rose to 110,000, Ethereum got too deep into the play
Last night, everyone experienced another wave of the cryptocurrency market's characteristic—"roller coaster." Bitcoin dropped sharply from 110,000 to 5,000 points, and Ethereum was even more outrageous, failing to rise when it should have, plummeting 150 points from 2,615. Everyone's legs were numbed; even closing positions was impossible.
At 2 AM, Ethereum started to rise from 2,460, currently priced at 2,596. Bitcoin began to rise again in the morning, reaching 110,000. Many people say it’s a double kill for both bulls and bears, but in reality, those who seized the opportunity last night were able to profit, regardless of their position.
So what is the reason for this increase? The main reason is the "GENIUS Stablecoin Act." With the regulatory framework for USD stablecoins being established, it is expected that a large number of financial and technology companies will enter this field. This will bring new funding channels to the digital currency market, with hundreds of billions of dollars in new funds expected to flow into the cryptocurrency market through stablecoins.
If Bitcoin closes above $106,500 on May 25, it will become the longest consecutive closing increase since October 2023.
$HAEDAL saw Binance's airdrop rise 0.22 yesterday, topping the gain list at second place, with a 24-hour increase of 40%. Yesterday, leading fans to chase at 0.19 also allowed them to benefit a little.
Today we need to focus on #特朗普晚宴 , when the whales gather, it will definitely cause severe market fluctuations.
As for how the market will move next, and when to enter, fans will be notified immediately. If you are still blindly guessing, it’s better to gather everyone's efforts here.
