BiyaPay analyst: Bitcoin breaks through the $100000 mark strongly, AI+RWA track may become the focus of the second half of the year

According to BlockBeats, on May 9th, Bitcoin broke through the $100000 mark, setting a new high since February. Meanwhile, Geoffrey Kendrick, head of digital asset research at Standard Chartered Bank, stated that the previously predicted target price of $120000 "may be too conservative" and emphasized that the core driving force of the current market has shifted towards sustained capital inflows, including the US spot Bitcoin ETF which has attracted $5.3 billion in the past three weeks, and institutions such as BlackRock and Fidelity holding over 4.9 million BTC. The Federal Reserve's policy shift towards strengthening expectations has become an important driving force behind this round of upward trend. After the dovish signal was released at the May meeting, the market's expectation of a rate cut in September increased to 44%, and funds accelerated their influx into cryptocurrency assets. At the same time, multiple states in the United States are pushing forward with the Crypto Reserve Act, and the Texas Bitcoin Strategic Reserve Act has entered the final voting stage, accelerating the policy compliance process and further consolidating Bitcoin's "digital gold" attributes. On chain data shows that the address of Giant Whale increased its holdings of 81000 BTC within 3 days, with a record high proportion of holdings. Combined with micro strategies and other listed companies, 90% of their current assets were allocated to Bitcoin, resulting in a significant bottoming out effect. Technological upgrades and ecological outbreaks have also injected momentum into the market. After the implementation of the "Pectra Upgrade" on Ethereum, the annualized staking income has increased to over 8%, attracting institutional layout; Solana, Sui and other public chain ecosystems are active, and the AI+RWA track is booming, with REVOX protocol tokens rising 330% weekly. Shanzhai coins rose synchronously, with a daily increase of 7.56% in total market value. Meme coins, AI, and RWA tracks became the focus of funds. The current market is driven by the resonance of policy, technology, and capital. After Bitcoin broke through $100000, cryptocurrency assets entered a new stage of "institutionalized bull market". It is recommended that investors respond to fluctuations with a combination of "bottom position+flexible position" and pay attention to the long window before the interest rate cut cycle (July). BiyaPay, as the world's first multi asset trading wallet, showcases its unique value. It has now enabled instant exchange of 30 fiat currencies and 200 digital currencies. Users can directly participate in the US/Hong Kong stock securities market by exchanging USDT at a 1:1 ratio, with zero transaction fees for digital currency spot/contract makers.