The cryptocurrency market is experiencing fluctuations and consolidation, with Bitcoin hovering above $93,000. Spot ETFs have seen net inflows for four consecutive days, indicating a noticeable recovery in investor confidence towards risk assets.

Ethereum has retreated from $1,800, with spot ETFs showing net outflows again. Other major altcoins have generally experienced slight fluctuations, with the layer 2 sector leading the gains. The continuous rise over several days has led to a sustained surge in market sentiment, re-entering the 'greed' zone.

As several Federal Reserve officials publicly hinted at a possible rate cut in June and the impact of Trump tariffs has temporarily faded, the market has generally risen. The next Federal Reserve meeting is scheduled for May 6-7. According to CME FedWatch data, investors generally believe that there will be no changes in May, with the probability of a rate cut in June rising to 58%.$BTC