Bitcoin has broken through $100,000 today, marking a historic point.
Remember the bull market from 2020 to 2022, when Bitcoin plummeted from $31,200 and then entered a bull market, rising from around $3,800 to nearly $70,000, reaching a peak of $69,198.
Many large companies and institutions entered the market at $30,000 to $50,000 and have yet to make a 50% profit. The ensuing bear market began, leading to significant losses.
Following Bitcoin's breakthrough of $100,000, a wave of fresh blood is expected to flood the market. Just now, there has been a continued issuance of USDT on-chain, with $3 billion reported last month on the Ethereum chain.
This is the beginning of a bull market; in 2020, it also broke previous peaks and saw increasing issuance, marking the start of a major bull run.
This increase has been driven by multiple factors:
On one hand, Trump's confirmation of Paul Atkins as SEC chairman injected positive sentiment into the market.
On the other hand, panic buying driven by the political situation in the United States has also contributed to the increase in Bitcoin's price.
In the cryptocurrency realm, Bitcoin breaking $100,000 has long been anticipated. Previously, Trump's appointment decision had already propelled the crypto market upward, with Bitcoin's price increasing by over 4% within hours of the news release. Subsequently, changes in the situation in the United States further aided, making the breakthrough of the $100,000 mark feel within reach.
Ethereum's peak reached $3,900.
Among altcoins, Ethereum ecosystem projects CRV and CVX have also begun to rise, with rumors that CRV is collaborating with BlackRock, which may be one reason for their increase.
Previously, projects in the compliant sector that had risen sharply, such as XRP, HBAR, and TRX, are now in a correction.
Smart money began to withdraw from these projects, reallocating their profits back into Bitcoin.
Notably, OpenAI will conduct 12 live broadcasts in the next 12 days.
If they release innovations similar to GPT-3.5 at the end of 2022 or Sora in early 2024, it may reignite the AI craze, potentially driving up the AI sector.
So in the coming month, we can focus on projects in the AI sector.
A $10 billion project is bound to emerge in the AI space—an eternal topic in bull markets, a potential future stock!
Due to Bitcoin breaking $100,000, many friends are asking what coins to buy now. Here are three altcoins I believe are worth accumulating.
SOL
Over the years, Solana has gradually become one of the fastest and most scalable blockchains, processing thousands of transactions per second. It employs a hybrid consensus mechanism, combining historical proof and proof of stake, ensuring efficient network operation.
Currently, Solana's price is stable between $230 and $240, showing good support. Solana's ecosystem is particularly suited for developing DeFi platforms, NFTs, and dApps, attracting a large number of developers and institutional investors.
Currently, Solana's market value exceeds $112 billion, making it a strong competitor to Ethereum, and ongoing network updates and ecosystem development have enhanced its potential for long-term returns.
RIO
Realio Network is an end-to-end platform based on blockchain, designed for the issuance, investment, and management of digital securities.
Its unique infrastructure combines the advantages of traditional finance and decentralized finance.
The project has SEC approval, and its future ceiling looks quite high.
STX
If the Bitcoin ecosystem must choose one asset, it would definitely be STX, as it is the only project in the btcL2 sector with formal applications, and STX's strength should not be underestimated.
The upcoming Nakamoto upgrade and the launch of sBTC will further solidify its position within the BTC ecosystem, with market share expected to expand.
Currently, STX is still worth holding, with a target of $3, and its future potential cannot be underestimated!