The seventh surge of Bitcoin has crossed 100,000; can Ethereum catch up and return to 4,000 this time?

As cryptocurrency investors look forward, the long-awaited bull market has finally arrived. On the evening of May 8, Bitcoin broke through the 100,000 USD mark and continued to climb, successfully standing above 102,000 USD, achieving an impressive five consecutive weekly gains on the weekly chart. However, the most eye-catching aspect of this round of market is Ethereum, whose 24-hour increase exceeded 20%, breaking through the 2,000 USD barrier and further reaching 2,200 USD. The ETH/BTC exchange rate returned above 0.02, with a rebound of over 14% from the previous low.

Ethereum's explosion is like the fuse that ignited the market, quickly sparking a wave of surging altcoins. From the 24-hour increase data, the re-staked token EUGEN surged over 40%, ETHFI increased over 28%, while both OP and ARB rose over 15%; in the public chain sector, SOL's increase was nearly 10%, and both SUI and BERA surged over 19%; the stablecoin sector was also not to be underestimated, with ENA rising over 28% and LQTY reaching a staggering 39% increase.

This surge in the cryptocurrency market has heated up traders' enthusiasm but has also hit many retail investors hard. That's how the market works; when some make money, others lose. What we can do is try to manage risks, pursuing long-term and stable returns. #币圈