Bitcoin surges above $110k, Ethereum rises over $4k amid renewed ‘buy the dip’ fervor

Bitcoin and Ethereum staged a strong rebound, with Bitcoin surging past $110,000 and Ethereum breaking $4,000, reversing losses following new US tariffs on Chinese imports. This rally is attributed to renewed 'buy the dip' sentiment, evidenced by over $6 billion in new Tether (USDT) and Circle (USDC) stablecoins entering circulation, suggesting capital is moving to fund token accumulation. Other major assets like BNB, XRP, and Solana also saw gains between 5% and 8%, indicating broad market momentum. This mirrors traditional markets, where US equity investors bought $3.9 billion in stocks last week. Despite the uptick, sentiment remains cautiously optimistic; while Bitwise’s Cryptoasset Sentiment Index signals a bearish posture, analysts note that Bitcoin is well-positioned as digital gold, and the outlook for assets like ETH and SOL remains constructive due to tokenization and favorable US regulatory prospects.

(Source：CryptoSlate)