Market capitalization 3.45 trillion, dominance index 64.07%
Even a completely non-positive external background (the rise in bond yields continues, the dollar index is also rising and approaching 100, S&P 500 around zero) is not hindering Bitcoin's growth for now.
The main reason is that stock markets are under pressure due to falling demand for US bonds. But everyone understands that the US cannot sustain this situation for long, which means the Fed will have to generate money and buy these bonds.
Money generation is the main positive for crypto.
And here Strategy is once again attracting 1.2 billion for Bitcoin purchases.
What’s next?
Previously, I spoke about the importance of capitalization levels.
As we can see, after taking 3 trillion, we saw good growth in the entire market.
Currently, the cryptocurrency market capitalization is approaching the next important level, 3.5-3.6 trillion. It bounced down twice from it (in December 2024 and January 2025).
Let's see when and how Bitcoin will pass the level of 3.5-3.6 trillion this time.
Reaching this level of capitalization can occur either due to the growth of Bitcoin (alts remain stable or slightly positive), or due to the growth of alts (primarily Ethereum and Solana to targets of 3K and 200 respectively by May).
If there are no shocks in the markets tomorrow, and Bitcoin goes into the weekend above 110K, we may see altcoin growth this weekend.
For the next 24 hours, the priority option is Bitcoin in the range with a lower boundary at 106000-104500 and an upper boundary at 112000-112500.
Alternative - consolidation above 112500.
$BTC #bitcoin
«TAKEN FROM THE MAIN CRYPTO CHANNEL»
