"100,000 Bitcoin as stable as an old dog, SharpLink surges 2700% in five days - Is this wave 'hold steady or run'?"

Bitcoin has recently stabilized above the $100,000 mark, and market sentiment is high. The 2025 Las Vegas Bitcoin Conference has become the focus, with U.S. Vice President JD Vance announcing an end to strict regulations on cryptocurrency and revealing personal Bitcoin holdings, signaling favorable policy changes.

The rise of stablecoins and global payment transformation

Stablecoins like USDC and USDT are becoming payment tools for emerging economies, with low costs and high efficiency, already being used for daily settlements in places like Bermuda. The U.S. 'Genius Act' is being promoted, which could further drive the global application of stablecoins.

Multiple countries building Bitcoin reserves

U.S. Senator Lummis has proposed the 'Strategic Bitcoin Reserve Act', planning to include Bitcoin as part of national reserve assets, potentially holding 1 million coins in the future. Pakistan has also announced the establishment of a Bitcoin strategic reserve, indicating a global acceleration in the recognition of cryptocurrency.

Market dynamics: Surges and risks

Nasdaq-listed company SharpLink Gaming is transitioning to invest in Ethereum, with its stock price soaring 2700% in five days, boosting bullish expectations for ETH. However, high leverage trading risks remain, with trader James Wynn losing $85 million due to excessive leverage, warning of hidden dangers amid market euphoria.

Impact of the macro environment

Fluctuations in U.S. tariff policies and stagnation in U.S.-China trade negotiations have affected the market, causing brief fluctuations in Bitcoin. Elon Musk's exit from the Trump administration saw Tesla's stock price initially drop before rebounding.

Investment advice

Analysts believe ETH is likely to break through $3000, but recommend that investors maintain low leverage, pay attention to cold wallet security, and stay alert to policy and market volatility risks. The outlook for cryptocurrency is optimistic, but a rational approach to uncertainty is necessary.

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