🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Good evening everyone! Market analysis! Thank you all for your support!
Odaily News reports that Bit has released a new report indicating that Bitcoin has returned to the $100,000 mark for the first time in over three months, demonstrating new strength, after previously falling 32% from the historical peak in January. Driven by macro favourable information such as easing trade tensions and a dovish shift in The Federal Reserve (FED)'s stance, Bitcoin's breakthrough corresponds with a broader shift in risk appetite, allowing it to outperform stocks.
Importantly, the momentum of funds continuously flowing into Bitcoin appears to persist, as reflected in the past two weeks where Bitcoin's actual market capitalization reached a historical high, with ETF inflows exceeding $920 million. On-chain data also confirms a significant decrease in the number of Bitcoin held at a loss, with over 3 million Bitcoins achieving profitability. Coupled with the rise in spot trading volume and institutional-led ETF fund inflows, Bitcoin is currently standing on a solid structural foundation. As long as the macro environment remains supportive, any short-term declines are likely to be quickly absorbed, thereby reinforcing the upward trend and placing BTC in a favourable position, with the potential to set new highs.