Massive momentum continues today! π Bitcoin blasted through multiple ATHs, hitting $123k, following its highest weekly close. This rapid ascent triggered significant short liquidations ($500M+ in hours π₯). The Crypto Fear & Greed Index is at 74, signaling strong Greed in the market. Institutional buying remains robust, with Metaplanet and MicroStrategy adding substantial Bitcoin, and BlackRock's spot BTC ETF reportedly becoming its most profitable π°. The Bitcoin Bull Run Index sits at 79, confirming the strengthening bullish trend. While BTC dominance is high (61.45%), the Alt Coin Season Index is stuck at 33 π₯Ά β indicating Bitcoin is currently leading the charge, and altcoins aren't broadly outperforming yet.
Traditional markets showed a mixed picture today, but the Nasdaq notably closed at a new All-Time High! π Bank of America raised its S&P 500 year-end target to 6300, reflecting optimism. Tech names like NVDA (ATH) and AAPL saw strong option activity. However, underlying economic data like historic low first-time home buyers π π° and AI impacting junior tech roles π€πΌ add a layer of caution. Metals and energy prices saw slight declines, except for Natural Gas π¨.
Geopolitical and regulatory news continues to be a factor. Trump's proposed tariffs on numerous nations πͺπΊπ²π½π¨π¦π§π·π·πΊ and criticism of Fed Chair Powell ποΈπ introduce policy uncertainty. Plans for significant AI and energy investments π‘ are also on the radar. The Epstein file story continues with potential document releases π€βοΈ.
Overall, sentiment is risk-on for high-growth assets like Bitcoin and US tech stocks, fueled by strong momentum and institutional flow. The Bitcoin rally is currently dominating the crypto space, with altcoins lagging. Key risks include potential policy shifts and broader macroeconomic headwinds outside of these leading sectors. Be prepared for potential volatility, especially around liquidation events in crypto.
Key Takeaways:
π BTC ATH ($123k) & Strong Bull Trend (Index 79).
πͺ Nasdaq ATH & Tech Strength.
greed High (Index 74).
π¦ Institutional Flow into BTC Strong.
π₯Ά Altcoins Lagging Bitcoin.
π€ Policy Uncertainty (Tariffs, Fed).
β οΈ Volatility Risk.
Bitcoin Blasts to $123k, Nasdaq ATH, Greed Rises π
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