$BTC $ETH exploded! BTC skyrocketed back to $92,000 overnight, asset management giants and the Federal Reserve simultaneously gave the cryptocurrency market a "green light"
Who would have thought that the "1201 crash" had just pressed the cryptocurrency market to the ground, and in one night, it directly regained all the lost ground—Bitcoin soared back to $92,000, Ethereum stood above $3,000 again. This rebound is not a "gentle breeze"; it is clearly a "tornado" blown by institutions and policies together!
Last night's good news came in a flurry: Vanguard, the world's second-largest asset management giant, suddenly eased up, allowing 8 million self-operated clients to trade BlackRock's Bitcoin ETF! This is known for being a "conservative" firm; previously, they wouldn't even touch crypto assets, and now they have opened the door for clients; Bank of America is also calling for a "1%-4% allocation in digital assets"—the traditional finance sector is collectively giving cryptocurrency assets a "stamp of approval". Institutional money is likely to flood into the market.
Even more explosive is the Federal Reserve: Trump directly hinted that Hassett will take over as the chair of the Federal Reserve! This person is a "crypto-friendly dove", who not only publicly criticized Powell for saying "interest rates should be lowered", but also holds Coinbase stock! The market is betting that he will print money once in office, coupled with the Federal Reserve just confirming the end of quantitative tightening, liquidity easing expectations are directly at full throttle—during the last round of zero interest rates, Bitcoin surged from a few thousand dollars to $69,000. Who dares to say this time won't be even crazier?
Even the U.S. stock market is getting a boost, with the Nasdaq rising 0.59%. Tech stocks and Bitcoin are hand in hand recovering, and even Japan's interest rate hike panic has been suppressed. It’s now clear: institutional money is flowing into the market, and policy-level liquidity is also ready to be poured in; the previous crash was simply to make room for new funds.
Do you think this wave is a "temporary recovery" or the "starting point of a new bull market"? Place your bets in the comments: can Bitcoin reach $100,000 by the end of the year?
