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Bitcoin breaks through the $93,000 mark, Meme coins surge on the trend
Since 2019, BTC has not experienced a monthly decline of more than 4 consecutive months. This curse remains effective this time. During the downtrend that began in October last year, Bitcoin once dipped to around $80,000, hitting bottom for three consecutive months.
In January, the situation reversed. Since January 1, Bitcoin's daily chart recorded five consecutive days of gains. By January 5, it broke through $93,000 in one go, reaching a new high.
As BTC's rebound momentum strengthens, the entire market sentiment is ignited. Meme coins lead the charge, showing a rapid surge. Analysts point out that the Federal Reserve's liquidity release policy has injected new momentum into the market, helping risk assets rebound. Whether this rebound can continue remains to be seen based on subsequent policy developments.