Comfortable, the coin market is fully surging.
BTC has reclaimed 80,000, and ETH and SOL, along with <$DOGE > and others, are all starting to rush upward together. Even <$MSTRB > is seeing a big jump. People who have been holding onto altcoins for a while without moving much are finally starting to feel a bit like a bull market these past couple of days.
The thing is, the Fed just raised rates by 25 basis points, and the procedural progress of the CLARITY Act also got blocked again. In theory, neither of these should be good news for Crypto. Yet the market not only didn’t keep falling—it collectively rallied.
Spot BTC ETFs have once again turned to net inflows on a daily basis, but the latest spot ETH ETF data is still net outflows. Still, ETH’s price keeps pushing higher.
So for this move, I don’t want to simply interpret it as “ETFs buying up the crypto market.” It feels more like the overall risk appetite in Crypto is starting to come back.
The magnitude of the rise in BTC and ETH is actually pretty close. What truly excites me is that altcoins are beginning to show bigger upside elasticity. DOGE is up nearly 9% in a single day, and SOL <$LINK > is clearly tracking higher too.
I’ve seen BTC rise many times. What I really want to see now is: after BTC rises, other coins finally can also take part and get to “eat meat.”
Of course, after a one-day surge, I still won’t immediately call for a full-blown “major bull market is fully exploding.”
Next, I’ll watch two things: whether BTC can truly hold above 80,000, and whether altcoins can keep maintaining stronger elasticity than BTC.
If BTC holds firm, and ETH, DOGE, SOL, and others continue rotating higher, then this might really be more than just BTC’s own行情.
BTC has reclaimed 80,000, and ETH and SOL, along with <$DOGE > and others, are all starting to rush upward together. Even <$MSTRB > is seeing a big jump. People who have been holding onto altcoins for a while without moving much are finally starting to feel a bit like a bull market these past couple of days.
The thing is, the Fed just raised rates by 25 basis points, and the procedural progress of the CLARITY Act also got blocked again. In theory, neither of these should be good news for Crypto. Yet the market not only didn’t keep falling—it collectively rallied.
Spot BTC ETFs have once again turned to net inflows on a daily basis, but the latest spot ETH ETF data is still net outflows. Still, ETH’s price keeps pushing higher.
So for this move, I don’t want to simply interpret it as “ETFs buying up the crypto market.” It feels more like the overall risk appetite in Crypto is starting to come back.
The magnitude of the rise in BTC and ETH is actually pretty close. What truly excites me is that altcoins are beginning to show bigger upside elasticity. DOGE is up nearly 9% in a single day, and SOL <$LINK > is clearly tracking higher too.
I’ve seen BTC rise many times. What I really want to see now is: after BTC rises, other coins finally can also take part and get to “eat meat.”
Of course, after a one-day surge, I still won’t immediately call for a full-blown “major bull market is fully exploding.”
Next, I’ll watch two things: whether BTC can truly hold above 80,000, and whether altcoins can keep maintaining stronger elasticity than BTC.
If BTC holds firm, and ETH, DOGE, SOL, and others continue rotating higher, then this might really be more than just BTC’s own行情.
