The surge continues! BTC breaks through 94,000, ETH stabilizes at 3,200! The upward trend in the crypto market is still ongoing! This rebound is really strong!

🔥 Driving forces behind the surge:

1. Small non-farm positive news digested: The U.S. November ADP employment change is -32,000, far below expectations (the expectation was +10,000). This indicates that the job market is worse than anticipated. The expectation for interest rate cuts should have heated up, but the probability of the Federal Reserve cutting rates by 25 basis points in December has slightly decreased to 88.8%.

2. Trump's team deploys a loosening strategy: Insiders reveal that Trump's staff is discussing that if he appoints the dovish Hassett as Federal Reserve Chairman, the current Treasury Secretary Mnuchin will become the Director of the White House National Economic Council. This means that dovish and crypto-friendly individuals will simultaneously control monetary policy and economic decisions, which is a huge long-term positive for the #Crypto market!

3. Regulatory spring breeze: SEC Chairman #PaulAtkins stated that the "Cryptocurrency Market Structure Bill" is about to pass. With regulations in place, institutional funds can enter the market on a large scale! Franklin $SOL spot #ETF has already been listed for trading.

4. #Polymarket also officially returns to the U.S. market, launching a U.S. version of the app.

💡 From my personal perspective, the macro backdrop has been set. QT ending + Trump's team of doves + crypto-friendly personnel deployment has given the market a super strong reassurance. The expectation of macro liquidity easing is already highly stable. Previously, $BTC was driven by macro data; now, the small fluctuations in macro data can no longer affect the upward trend of $BTC . This indicates that the market's bullish sentiment has become very solid!