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Bitcoin tops $110K for 2nd day; altcoins UNI, AAVE rally on SEC Chair comments

  • Bitcoin traded above $110,000 for a second day, up over 1% in 24 hours, supported by an altcoin rally.
  • DeFi tokens UNI (+24%) and AAVE (+13%) surged following positive comments from SEC Chair Paul Atkins.
  • Market sentiment remains cautious despite price gains, with low funding rates typically seen at bottoms.
  • While Bitcoin hits $110,000, skepticism exists about the sustainability of the breakout and potential for a continued upward trend.

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