Bitcoin's market value has surged into the top 5 globally! What happened behind the scenes?
Today, I'll break down the most explosive news in the crypto world for you – Bitcoin's market value has surged into the top 5 globally! Yes, you heard that right. This morning, Bitcoin's price broke through $110,000, its total market value soared to $2.1 trillion, directly crushing a bunch of traditional giants and firmly sitting on the throne of the world's fifth-largest asset!
Why is Bitcoin so powerful? Let me tell you two key points!
1. Large institutions are frantically buying!
For example, a company called Strategy recently bought 7,390 Bitcoins in a week, at an average cost of $103,000, and is now sitting on a profit of over 20 billion! BlackRock's Bitcoin ETF is even more exaggerated, with funds flowing in for 20 consecutive days, with a total scale of 65 billion US dollars, directly pushing the price of Bitcoin to the sky!
2. The policy has suddenly changed!
The newly appointed SEC chairman in the United States is a "crypto-friendly" person, who immediately promoted regulatory bills and established rules for stablecoins. Even Trump joined in the fun, organized a "crypto dinner", invited Sun Yuchen and other big names, and said he would support the industry! This signal of policy relaxation makes institutions completely feel relieved to invest money!
3. Bitcoin is so powerful, why is Ethereum still standing still?
The answer is simple: the money has flowed to Bitcoin! Institutions now only recognize Bitcoin. Ethereum's ETF only received 41.8 million US dollars in one month, which is less than a fraction of Bitcoin's! In addition, Ethereum is undergoing a technical upgrade recently, and the market is watching, fearing that problems will occur after the upgrade, and as a result, the price is suppressed near $2,700 and cannot go up!
However, I personally think that Ethereum's opportunity is coming soon! Historically, every time Bitcoin rises sharply, funds will rotate to Ethereum. Especially if the upgrade on May 25 goes smoothly, Ethereum's network speed will be faster and the cost will be lower. When DeFi and AI projects explode, the price may take off directly!
Finally, let me tell you the truth - After Bitcoin rises, it may回调in the short term, but in the long term, it is already digital gold, and institutions are hoarding it as a treasure; Ethereum is like the Internet in those years, the stronger the ecology, the greater the potential. The market is still in the first half, hold your chips firmly, and don't be scared away by the fluctuations!
