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In Brief Ethereum surged nearly 20%, fueling a broader altcoin rally. Technical indicators show strength, yet new altcoin season debate persists. Growth in ETH and altcoins challenges Bitcoin's dominance amid market shifts.
In Brief Ethereum's price surged past $1,900, outpacing Bitcoin significantly. Institutional investments drove Ethereum's substantial upswing post-Pectra update. Potential record surge may push Ethereum above $6,000, exciting cryptocurrency enthusiasts.
In Brief Bitcoin has surged past $103,000, with altcoins seeing noteworthy gains. Strategists recommend seizing buying opportunities during altcoin corrections. Anticipated events could bring further volatility to crypto markets.
- 08:28BTC Surpasses $104,000 with a Daily Increase of 1.09%PANews reported on May 10 that the market shows BTC has just surpassed $104,000, currently quoted at $104,028.00 per coin, with a daily increase of 1.09%.
- 08:26A whale address withdraws 289.63 billion PEPE from CEXAccording to a report by Jinse Finance, monitored by Onchain Lens, a certain whale address withdrew 28.963 billion PEPE from a CEX, valued at $3.68 million. Currently, this address holds 29.963 billion PEPE, valued at $3.81 million.
- 08:26Bridgewater Capital Founder: Sovereign Wealth Funds Need Clear U.S. Legislation Before Large-Scale Bitcoin PurchasesAccording to a report by Jinse Finance, Anthony Scaramucci, founder of SkyBridge Capital, stated in a recent podcast interview that although some sovereign wealth funds have marginally allocated Bitcoin, it is difficult to see large-scale capital inflows before the U.S. establishes clear digital asset regulatory laws. He pointed out that if the U.S. passes a stablecoin regulatory bill, allows traditional banks to custody Bitcoin, and makes progress in the tokenization of stocks and bonds, it could trigger a wave of large Bitcoin purchases by sovereign wealth funds. Anthony Scaramucci emphasized that only when sovereign wealth funds view Bitcoin as part of the global financial infrastructure could Bitcoin prices reach the million-dollar level.