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#数字资产市场动态 Bitcoin once again shows strong momentum! The recent movements in the crypto market have indeed been quite vigorous.
In terms of market performance, Bitcoin surged above $96,500, with a 24-hour increase of nearly 5%, currently stabilizing around $95,000. Ethereum followed suit more aggressively, soaring over 7.6% in a single day, reaching $3,380, hitting a recent high. Even usually less noticeable coins like DASH joined the excitement, rising by over 40 points. Dogecoin also turned red with an increase of over 8%. The total market capitalization has rebounded to $32.4 trillion, with a 24-hour growth of over 3.6%.
Behind this rally, three main forces are driving the momentum. First is the positive regulatory news — the draft of the US "Digital Asset Clarification Act" is set to enter review this week, which means crypto assets are expected to move from ambiguity to a clear regulatory framework, boosting institutional investors' confidence significantly. Second is the massive influx of institutional funds — the Bitcoin spot ETF saw a net inflow of over $100 million in a single day, ending previous outflows. Third is the continued weakness of the US dollar index, coupled with global geopolitical volatility, which has highlighted the safe-haven characteristics of virtual currencies.
However, amidst the celebration, it’s important to recognize the risks. Over 120,000 traders were liquidated within 24 hours, with a total liquidation amount of $685 million, and short positions were essentially crushed. But the issue is that retail demand remains lukewarm; spot ETF funds continue to flow out, exceeding $6 billion, indicating doubts about the market’s true momentum. Even more concerning is that Bitcoin has, for the first time, shown signs of decoupling from the global M2 supply, and the potential threat of quantum computing to cryptographic security is becoming more realistic. Once this Damocles sword falls, the entire industry will need to rethink everything.
$BTC $ETH