$BTC Crypto Reclaims January Highs — Is This Just the Beginning?
The total crypto market cap rose modestly by 0.7% in the last 24 hours, but climbed 5% over the past week, now hovering around $3.5 trillion. This rally is noteworthy — the market is revisiting levels last seen at the peak of the January bull run.
The Crypto Fear & Greed Index surged to 78, echoing bullish sentiment from early 2024 — a signal that market confidence is returning with force.
Bitcoin Eyes New Heights
On Thursday night, Bitcoin hit a new all-time high of $111.8K, before a minor pullback to $110.5K by Friday morning. Unlike past momentum-driven spikes, this rally is fueled by:
$4.2B inflows into 12 U.S.-based Bitcoin ETFs this month alone
Over $50B in token purchases by major institutions, according to Strategy
Growing U.S. government alignment on crypto regulation
Rising fiscal concerns and dollar depreciation, pushing investors toward decentralized alternatives
Ethereum’s Make-or-Break Moment
Ethereum is struggling to clear resistance at $2,650, which aligns with:
The 200-day moving average
The consolidation zone from February
A key pivot level from August–October last year
A clean break above this level could open the door to $4,000, with bulls closely watching upcoming market catalysts.
Legislation Watch: Stablecoin Bill Advances
The U.S. Senate is preparing to vote on a Stablecoin regulation bill. With Democrats dropping opposition, the bill:
Tightens AML (Anti-Money Laundering) rules
Enhances consumer protections
Aims to unify crypto standards across domestic and international markets
This could be a watershed moment for stablecoin legitimacy in the U.S. and broader market confidence.
Macro Outlook: Bitcoin Diverges From Stocks
With Treasury yields rising and the U.S. dollar under pressure, Galaxy Digital warns that investing in a nation carrying historic levels of debt is increasingly risky.
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