The total market capitalization of encryption has broken 4 trillion dollars for the first time! Bitcoin has surged past the 122,000 dollar mark, and LDO has skyrocketed 11% in a single day, leading the alts.

The Crypto Assets market has achieved a historic milestone, with the total market capitalization (TOTAL) surpassing 4 trillion USD for the first time! Bitcoin surged by 4.59% to reach 122,000 USD, approaching its historical high of 123,000. The announcement of the LayerZero Foundation's acquisition of StarGate cross-chain bridges for 110 million USD has ignited expectations for ecosystem integration, while the liquid staking protocol Lido DAO (LDO) topped the altcoin gainers list with a 24-hour rise of 11%. The resignation of Bo Hines, director of the White House Crypto Committee, has raised concerns over regulatory personnel changes, and the market must remain vigilant about the critical 120,000 USD support defense amidst the celebrations.

Historic Breakthrough: Crypto Assets Market Capitalization Surpasses 4 Trillion Dollars

(Source: TradingView)

• $122 billion pump in 24 hours, total market capitalization peaked at $4.00 trillion
• Key Offensive and Defensive Line:
  • Bullish Scenario: If the weekly stands firm at the 39.4 trillion support, it will open up a new pump channel.
  • Bearish Alert: If it falls below 3.94 trillion, it may correct to 3.89 trillion USD (daily volatility over 3%)

Bitcoin Breakthrough Battle: $123,000 Historical High is Within Reach

• Strong Signal:
  • First broke the resistance level of $122,000 this month, just 0.8% away from the historical peak of $123,000.
  • Derivative open interest surged to 7,834 BTC (approximately $950 million), with bulls in control.
• Risk Warning:
  • Institutional/retail fund outflows may trigger the collapse of the $120,000 support line.
  • If the psychological level of 120,000 is lost, it may trigger a leveraged long position liquidation.

alts focus: Lido DAO (LDO) strong breakout

• Technical Golden Cross:
  • The 50-day EMA and the 200-day EMA are about to form a bullish crossover.
  • Currently attacking the resistance level of 1.56 USD, with the target directly aiming at 1.82 USD (monthly resistance level)
• Associated Risk Warning:
• If Bitcoin falls below 118,000, LDO may drop below the 1.34 USD support.
  • In extreme scenarios, it may retrace to $1.18 (weekly strong support zone)

Today's News Briefing

1. LayerZero Ecosystem Integration:
   • Proposal for a full acquisition of StarGate cross-chain bridges and STG coin for 110 million USD
   • Governance rights will be transferred to the ZRO token, reshaping the cross-chain transaction valuation system.
2. White House personnel earthquake:
   • Crypto Assets Committee Chairman Bo Hines announced his resignation to return to the private sector.
   • Only 8 months since taking office in December 2024, the continuity of regulatory policies is in doubt.

Conclusion: The crypto market enters a new era of 4 trillion dollars with the rallying call of Bitcoin, but hidden leverage risks lurk behind the festivities. The 120,000 dollar defense line for Bitcoin, the 1.56 dollar breakthrough battle for LDO, and the progress of LayerZero ecosystem acquisition will become the three key battlegrounds in the short term. Investors need to be wary of the volatility surge before and after the CPI data release, strictly adhering to position risk control—maintaining support levels is more important than chasing the rise during this historical peak journey.