Do you think the only things driving the K-line are interest rate cuts and ETFs? Wrong! When tear gas and Molotov cocktails fly through the streets of Los Angeles, and the trade negotiation table between the Pacific coasts is tense, the nerves of the crypto world are tighter than anyone else's. In the past 24 hours, the market has been jumping between the panic of 'the world is ending' and the greed of 'buy the dip quickly'. Bitcoin once surged, seeming to become the last ticket on the digital Noah's Ark, but then it quickly fell back, reminding everyone: safe-haven is just an interlude, volatility is the main theme. Today, let's talk about how the gunpowder smell from the external world is adding fuel to this big show in the crypto world.
🔻【Rollercoaster market, prepare for heart attacks】
🚨【Mutual destruction, blood flows like rivers】
In the past 24 hours, Bitcoin rode on a crazy rollercoaster, with prices briefly breaking $108,000 and even touching $110,000, causing those chasing the price to have an instant brain climax. The amplitude in the past week far exceeded expectations. Ethereum followed its big brother, breaking through $2,700 at one point. The entire market felt like: the dealer is hitting from both sides, slapping faces left and right. As soon as the bulls shouted 'the bull is back, hurry up', the bears poured a bucket of cold water over it. This kind of market tests whose heart can endure more.
[US-China trade negotiations: The sword of Damocles hanging over our heads]
[Liquidity if negotiations go well, bloodshed if they fall apart]
Meanwhile, in London, the US-China trade negotiations entered their second day, and the global financial markets held their breath. This is the real event that stirs the nerves of the crypto world. The core of the negotiations includes not only tariffs but also critical issues such as rare earth exports. For the crypto world, the logical chain of this matter is:
Good discussion: Global trade tensions ease, market risk appetite increases, the Federal Reserve has more room and courage to inject liquidity, and hot money is expected to flow into the crypto market.
Discussion fell apart: Global recession expectations intensify, safe-haven sentiment might temporarily push BTC up, but in the long term, the real economy is damaged, and institutional funds entering the market will be more cautious, ultimately dragging the entire market down. So, don’t be fooled by the current small fluctuations; the real direction may await a 'deal' or 'goodbye' at the negotiation table.
🔥🇺🇸【Did Los Angeles ignite safe-haven sentiment? Don't be naive!】
[The 'one-day trip' benefit of street riots]
When news of **'Los Angeles riots' and 'National Guard entering the city'** floods the screen, some in the crypto world begin to shout 'doomsday safe-haven, great news for BTC'. Indeed, under the expectation of social disorder, Bitcoin's price experienced a pulse-like increase. The logic is simple: if banks are unreliable and fiat currency depreciates, then decentralized gold — Bitcoin — naturally becomes highly sought after. However, this enthusiasm comes quickly and fades just as fast. When the market realizes that a few protests cannot really overturn the dollar system, prices quickly fall back. This operation is merely 'emotional taxation', targeting those who are easily startled and take news headlines as trading signals.
[Circle's IPO is a divine moment, Zeus opens a new era]
While the macro environment is still anxious about uncertainty, the crypto world has already played out in its own way.
Circle's IPO is the pinnacle: Stablecoin giant Circle went public, opening at $31, peaking at $103.75 on the first day, reaching a terrifying market cap of $187 billion! Giants like BlackRock and ARK are frantically grabbing shares. This is no longer good news; it's a declaration to the traditional financial world: stop playing with the superficial, our printed 'dollars' are the future!
Zeus's bold move: While they just printed US dollars, the Zeus Network in the Solana ecosystem launched a new play — btcSOL. Simply put, it's 'stake SOL, earn large BTC'. This cross-chain yield generation model ignited market enthusiasm and even offered NBA tickets. One must admit, the innovation ability in the crypto world is always wilder than you imagine.
These two events tell us that even without macro positives, the crypto world can create its own engines.
[Time for hindsight]
Alright, let's review the thrilling 24 hours of today. The main theme is the passionate collision of **'external political gambling' and 'internal innovation explosion'**.
Bitcoin's explosive rise is partly due to gamblers' optimistic expectations about US-China negotiations, and partly driven by the super positive sentiment from Circle's IPO. Therefore, the foundation of this bullish line isn't particularly solid and could be shaken at any moment by a sneeze at the negotiation table.
Circle's rise and Zeus's innovation are what truly excite people. They prove that this industry does not entirely rely on the macro environment; its inherent value and creativity are being recognized by the mainstream and users.
