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Today, the cryptocurrency market has welcomed a strong rebound, with Bitcoin breaking through the 95,000 mark during trading, before slightly retreating to around 94,800. Major cryptocurrencies such as Ethereum and Ripple have also risen simultaneously, and market sentiment continues to warm up.
Driving factors for the increase:
1. Institutional capital inflow: Recently, market liquidity has improved, and new funds continue to enter. If the trend continues, Bitcoin is expected to challenge the $100,000 mark.
2. Policy Favorability: Arizona, USA has passed a bill allowing state finances to invest in Bitcoin, becoming the first state to incorporate cryptocurrency into public fund management, boosting market confidence.
3. Speculative demand rebounds: Short-term traders increase their positions, and if funds continue to flow in, this round of price increase may evolve into a larger-scale bull market.
Despite the market optimism, the risks of high-leverage trading are prominent. In the past 24 hours, over 110,000 people have been liquidated due to the volatile fluctuations of Bitcoin, coupled with high leverage which can easily trigger a chain liquidation. Everyone needs to be vigilant about policy adjustments and sudden changes in market sentiment.
Outlook for the market:
Standard Chartered predicts that Bitcoin may rise to $120,000 in Q2 2025, with a year-end target of $180,000. However, the short-term trends are still influenced by the Federal Reserve's monetary policy, regulatory developments, and the scale of institutional capital inflows. It is advised to make rational arrangements and avoid blindly chasing highs.