$BTC BTC surges to 87,000, total crypto market cap returns to $3 trillion BTC quickly surged to the 87,000 level, driving a broad recovery in the crypto market and pushing total market capitalization back above $3 trillion. This rally is not driven by a single asset, but by the combined effect of recovering sentiment toward risk assets and returning capital. The market previously fluctuated around 80,000 as it absorbed selling pressure. As bullish capital continued to enter, major coins followed higher, with the recovery spreading from BTC to ETH and a range of mid-cap coins, and the market's profit-making effect clearly heating up. However, it should be noted that the current rally remains constrained by expectations for Federal Reserve monetary policy. Rate hike expectations have not fully faded, and volatility in U.S. Treasury yields could disrupt risk assets at any time. The return of total market capitalization to $3 trillion is an emotion-driven rebound rather than a complete fundamental reversal. A large amount of short-term profit-taking positions has accumulated at elevated levels, and any hawkish signals in macroeconomic data could easily trigger a rapid pullback. Going forward, the key point to watch is whether spot ETF funds can maintain net inflows. If capital follow-through is weak, this surge is highly likely to be a short-term pulse move. Market volatility is extremely high. The above is only a personal opinion and does not constitute any investment advice.

Bitcoin Reference (September 22) $BTC $ETH

$BTC Meta’s new AI agent Muse ignited global tech markets, with U.S. stocks celebrating a chip rally overnight. AMD surged nearly 10%, with its market capitalization historically breaking through $1 trillion, making it the fourth U.S. chip company to join the trillion-dollar market cap club. The Philadelphia Semiconductor Index jumped more than 4%, while ARM and Intel both gained over 10%. Meta surged 11.43%, and the Nasdaq also hit a new closing high. Federal Reserve officials sent hawkish signals, stating that inflation risks have not yet subsided and that further rate hikes cannot be ruled out, rapidly fueling market expectations for an October rate hike. Significant divergence emerged across asset classes: international oil prices pulled back sharply, with WTI crude falling below $92, while spot gold came under pressure and dipped below the $4,300 level at one point. Asian markets were boosted by the U.S. chip rally, with semiconductor stocks broadly strengthening in morning trading and domestic computing-power chip-related stocks opening higher and remaining active. The core driver of this rally is the reassessment of computing-power demand brought by the implementation of AI agents. However, it should be noted that after the sector’s rapid short-term rise, volatility could increase significantly amid expectations of Federal Reserve tightening, so blindly chasing highs is inadvisable.