I. Market Review
1. Bitcoin (BTC): Today's price is $94,218.43, with a 24-hour trading volume of $21,275,333,477. The price has decreased by 0.13% in the past 24 hours and by 0.93% in the past 7 days. The circulating supply is 19.86 million BTC, and Bitcoin's market capitalization is $1,871,249,045,721. The highest price yesterday reached $95,199, and the lowest was $93,514, with a volatility of 1,685 points. Over a longer period, Bitcoin has risen to its historical peak of $109,114.88 in 2025, after experiencing a low of $74,436.68, indicating significant price fluctuations. Recently, Bitcoin has long remained above $80,000 and returned above $90,000, with a monthly high of $95,768.39.
2. Ethereum (ETH): Today's price is $1,797.94, with a 24-hour trading volume of $9,677,726,170. The price has decreased by 0.05% in the past 24 hours and by 0.02% in the past 7 days. The circulating supply is 120.73 million ETH, and Ethereum's market capitalization is $217,129,396,254. The highest price yesterday was $1,833, and the lowest was $1,781, with a volatility of 52 points. In the past month, Ethereum has seen almost no significant price changes, and the current trading price has remained relatively stable compared to before.
II. Factor Analysis
1. Policy Level: The Arizona House of Representatives in the United States has passed two bills regarding Bitcoin reserves, allowing the state to adopt Bitcoin or other cryptocurrencies as strategic reserves. This news has had a certain positive effect on market sentiment. However, from a macro perspective, factors like the Federal Reserve's interest rate decisions and other monetary policies remain important influences on the cryptocurrency market. According to CME's 'FedWatch', the probability of the Federal Reserve maintaining interest rates at 4.25 - 4.50% in May is as high as 96.8%, while the probability of a 25 basis point rate cut is only 3.2%. The direction of monetary policy affects market liquidity and the cost of capital for investors, thereby influencing investment decisions regarding cryptocurrencies such as Bitcoin and Ethereum.
2. Market Supply and Demand: The total supply of Bitcoin is fixed at 21 million coins, and over time, the issuance of new coins gradually slows down, highlighting its scarcity. Although Ethereum does not have a fixed total supply limit, its token economic model is changing with the advancement of Ethereum 2.0, and mechanisms such as staking affect the circulation of Ethereum in the market. Additionally, the demand from institutional investors and retail investors for both is constantly changing. For instance, some investment institutions have started to allocate Bitcoin as a strategic reserve asset, which will increase the demand for Bitcoin.
3. Technical Development: The upgrade process of Ethereum is highly anticipated. Technological upgrades, such as the transition from Proof of Work (PoW) to Proof of Stake (PoS), not only affect Ethereum's performance and security but also influence investors' expectations of its future value. Bitcoin's technological development is more reflected in improvements in blockchain scalability, privacy protection, and other areas.
Trading Suggestions
Bitcoin suggests going long around $94,000 with a target of $96,000.
Ethereum suggests going long around $1800 with a target of $1850.
There are many types of investments; choosing the one that suits you is very important. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting global economic news, analyzing global investment trends, providing daily market trend analysis, and offering you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.
This article represents personal views only and is for reference only, not for actual operation basis.
