In recent days, the cryptocurrency market has been very lively, especially Ethereum (ETH), which has increased by over 40% in three days, with the price soaring from $1,800 to nearly $2,600. Not only Ethereum, but Bitcoin, Dogecoin, Solana, and Cardano have also seen significant increases, with Dogecoin rising 37% in a week.

The reasons for this surge are twofold: on one hand, the easing of global trade tensions, with the United States and the United Kingdom recently signing trade agreements, and Sino-U.S. trade negotiations also taking place in Geneva; on the other hand, Ethereum's technological upgrades have boosted market confidence. On May 7, Ethereum successfully completed the Pectra upgrade, improving network flexibility, lowering costs, and enhancing market appeal.

At the same time, the Ethereum futures market has recently experienced a noticeable 'short squeeze' scenario, with shorts massively covering their positions driving prices up, prompting more investors to enter the market. Bitcoin's price has also once again breached the $100,000 mark, indicating a clear warming of market risk appetite. Additionally, Coinbase's acquisition of Deribit for $2.9 billion set a new record for cryptocurrency mergers and acquisitions, showing institutional interest in the crypto market.

In such a market environment, the importance of capital inflow and outflow tools is even more pronounced, and we particularly recommend BiyaPay.

BiyaPay is headquartered in Singapore, with operations covering the United States, Hong Kong, and other regions, supporting real-time exchanges of over 30 fiat currencies and more than 200 digital currencies, with transparent rates and no hidden costs. Users can make global remittances at any time, with same-day settlement. Moreover, BiyaPay also allows users to directly use USDT to invest in U.S. and Hong Kong stocks without the need for an offshore account, solving the challenge of fund entry.

Using BiyaPay ensures safe and efficient capital flow with no limits, helping you better seize market investment opportunities.