The long-awaited rally has finally begun. On the evening of May 8, BTC broke through the $100,000 mark and surged, standing above $102,000, achieving five consecutive weekly gains. However, the most impressive performance came from Ethereum, which has been criticized for a long time, with a 24-hour increase of over 20%, breaking through the $2,000 mark and standing at $2,200. ETH/BTC returned to above 0.02, rebounding over 14% from its low.
Ethereum's breakout has also led to a surge in the altcoin market, with the 24-hour increase in staking tokens EUGEN exceeding 40%, ETHFI exceeding 28%, and both OP and ARB exceeding 15%. In terms of public chains, SOL rose nearly 10%, while SUI and BERA both exceeded 19%. In the stablecoin sector, ENA rose over 28% and LQTY over 39%.
