Bitcoin Market Trends After Breaking $100,000

Recently, the cryptocurrency market has witnessed a series of significant developments. The 2025 Las Vegas Bitcoin Conference has become the industry's focal point, representing the largest conference held after the Bitcoin price first broke $100,000. Senior officials from the U.S. government conveyed positive signals during the conference, indicating a shift in attitude towards cryptocurrencies.

Stablecoins have also become a hot topic of discussion. With related legislation progressing in Congress, stablecoins like USDC are expected to play a more important role in the global financial system, particularly as they may become the infrastructure for everyday payments in some economies.

In terms of legislation, the U.S. Congress is considering incorporating Bitcoin into national reserve assets. A proposal suggests allowing the government to hold up to 1 million Bitcoins over the next five years, accounting for about 5% of the global total supply. If implemented, this move would have a profound impact on the Bitcoin market.

Internationally, Pakistan has announced plans to create a national Bitcoin strategic reserve, demonstrating an increasing global recognition of Bitcoin as a sovereign asset. At the same time, the sports industry is also beginning to embrace cryptocurrencies, with Paris Saint-Germain Football Club holding Bitcoin on its balance sheet as an example.

However, there are also risks in the market. A trader lost about $85 million in a short period, highlighting the dangers of high-leverage trading. The uncertainty of the macroeconomic environment has also brought volatility to the market, including changes in U.S. tariff policies and the stagnation of China-U.S. trade negotiations.

In the business world, SharpLink Gaming's strategic transformation has garnered widespread attention. The company raised $425 million in funding, shifting towards large-scale investments in Ethereum, setting a precedent among Nasdaq-listed companies. The company's stock price soared 2700% in five days, reflecting the market's optimistic expectations for Ethereum.

Despite a brief pullback in the price of Bitcoin, it still maintains strong support above $100,000. Other cryptocurrencies such as Ethereum and XRP are also performing well, with analysts predicting that Ethereum may break through $3,000 in the short term.

In the current market environment, investors should remain cautious, adopt low-leverage strategies, and ensure asset safety. Although the cryptocurrency market shows a positive development trend, policy changes and market fluctuations still require close attention.