Yesterday, the crypto market was directly ignited by several major news events.

Starting with moves from institutions: a major US bank has begun advising its clients to allocate 4% of their investment portfolios to crypto assets, which is no small amount. BlackRock went even further, directly increasing its holdings by 119.66 million BTC—buying at this scale makes it hard for the market not to rise.

On top of that, expectations are building that the Fed might shift towards quantitative easing, along with rumors that Hassett could be appointed as the new Fed chair—multiple bullish factors overlapping. As a result, BTC surged directly to $93,548, up 7.5% in a single day; ETH was even stronger, breaking through the $3,000 mark and rising 9.3%.

One data point is worth noting: US money market fund assets have surpassed $8 trillion for the first time. The general consensus is that once rate cuts materialize, a large portion of these funds will flow into risk assets—crypto is naturally one of the main destinations.

As for altcoins, SUPER’s 1-hour chart looks interesting, completely keeping pace with the broader market’s rebound. If you want to set a take-profit level, keep an eye on around 0.34—there’s a chance to break previous highs.

By the way, Trump will make a statement at 2:30 pm ET today. At times like this, anything he says could trigger market volatility, so it’s advisable to stay tuned.

At the end of the day, the crypto market is still a game dominated by the US. News flow has a huge impact, so keeping an eye on policy trends is always wise.

Of course, none of the above constitutes investment advice—do your own research before making decisions.