Bitcoin recently reached a record high of $111,980, driven by significant investment from American institutions. This surge highlights the ongoing digital power struggle between the US and China, impacting global cryptocurrency markets. Is the U.S. poised to maintain its Bitcoin leadership? CryptoQuant data reveals that American banks, exchanges, and investment firms now hold a considerable share of global Bitcoin, contributing to price pressure and fueling ‘golden cross’ trends. This development aligns with increased institutional interest in crypto, with companies like MicroStrategy, Tesla, and Semler Scientific accumulating billions in Bitcoin. How is China influencing the scene? While appearing less active, China’s mining operations and indirect investments continue to exert a strong influence. Despite a more reserved approach, their global presence remains undeniable. Historical data shows that ‘golden cross’ patterns have frequently led to significant price rallies, suggesting a similar pattern may emerge in the current market. The U.S.’s rise coincides with China’s strategic maneuvers. Although China has taken a measured approach, its continued mining operations and investments are challenging the US dominance. Recent regulatory clarity in the U.S. reinforces American leadership in the financial and political spheres of the crypto market. China vs. US: A battle for cryptocurrency supremacy China holds around 194,000 BTC, valued at nearly $21.53 billion. Despite this significant advantage, the gap with the US is narrowing. The dynamics between these giants remain dynamic, shaping the future of the cryptocurrency world order.