1. BTC strongly broke through $115,000
This morning, Bitcoin (BTC) continued its upward trend, briefly breaking through $115,000, currently reported at $115,015.90, with a daily increase of 0.94%. HTX market data also shows that BTC briefly touched the key point of $115,000, with the current quote at $114,840, and a daily increase of 0.78%. Market sentiment is optimistic, with investors focusing on whether BTC can stabilize at this key resistance level.
2. ETH fluctuates around $3500, with a 24-hour increase exceeding 2.6%
Ethereum (ETH) fluctuated today, rising to $3514 in the morning (24-hour increase of 3.98%), but then slightly retreated, currently reported at $3499.76, with a 24-hour increase still reaching 2.62%. Market analysis suggests that ETH's short-term support level is around $3500; if it breaks below, it may test $3400, while a breakthrough of $3600 could accelerate the rise.
3. Market dynamics and outlook
Institutional buying: Recent data shows that institutional addresses increased their holdings by 15,800 ETH within 7 hours, accumulating a total of 41,000 ETH, indicating that large funds remain optimistic about ETH.
Layer2 competition: The Base network supported by Coinbase has surpassed Solana in daily token issuance, reflecting the activity level of the Ethereum ecosystem.
Macroeconomic factors: The US Bitcoin spot ETF saw a cumulative net outflow of $642 million this week, and the market needs to pay attention to how capital flows impact BTC.
Summary: BTC performed strongly today, stabilizing above $114,000, while ETH consolidated around $3500. The market is highly volatile, and investors need to pay attention to risk control. If BTC maintains its upward trend, it may drive ETH further up.