Golden Finance reported that Citibank released a research report on Thursday. Analysts headed by Alex Saunders wrote in the report that digital asset-friendly person Paul Atkins ) was nominated to serve as SEC Chairman, providing Bitcoin with the final push it needed to break 100,000. As adoption grows, Bitcoin continues to be supported by ETF funding and other purchasing power. But altcoins may benefit more from a looser regulatory environment, and Bitcoin’s dominance has declined recently. Analysts added that they have yet to see a significant increase in on-chain activity. In the long term, the utility or value of a network will be tied to its usage, macro-relevance and production costs.