Bitcoin Breaks $94,000 to Become the 5th Largest Asset in the World!
In its recent strong performance, Bitcoin successfully broke the key psychological barrier of $94,000, with a market capitalization rising to $1.87 trillion, marking its first time as the 5th largest asset globally, surpassing tech giant Alphabet. This milestone reflects a reassessment of market sentiment by investors, especially against the backdrop of easing U.S.-China trade tensions.
With expectations of improved trade relations, investor risk appetite has rebounded, which not only pushed Bitcoin prices up but also led to a rebound in tech stocks, with Nasdaq index futures rising by 2%.
From a technical standpoint, Bitcoin has successfully broken through several important resistance levels, including:
- 200-day moving average: $87,965
- Realized price for 2025: $91,565
- Realized price for short-term holders: $92,385
These breakthroughs have placed Bitcoin into a short-term upward channel, indicating strong upward potential.
Bitcoin's relative performance against the Nasdaq index has reached an all-time high, showcasing its leadership position among mainstream asset classes, which could be indicative of future market trends.
This series of developments indicates that Bitcoin not only holds a place in the digital asset market but also demonstrates superiority in competition with traditional assets. As market sentiment shifts, future trends are worth continuous attention.
Apart from Bitcoin, on another front, SOL has seized the potential of the retail favorite meme sector! Creating a new wave of memes, families with spare cash are also daring to position themselves early in some promising meme coins. Among them, meme coins associated with Trump are particularly popular, especially the hero dog Co nan, which has the backing of Trump's strong IP and an active community, with a market cap of only about $5.3 million and over 12K holders and growing. It holds great potential to become a dark horse in the bull market!
If anyone wants to gain further understanding of the overall development of the crypto space and the meme sector, feel free to contact Meme交流區 for a discussion!
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