Bitcoin Soars! Ethereum Makes a Strong Comeback!
Bitcoin has recently seen an astonishing rise, breaking through $100,000 and briefly approaching $105,000, currently retreating to $103,000, with a weekly increase of over 10%. Ethereum's performance is even stronger, with a 40% increase in the past 7 days, peaking at $2,558, setting a new two-month high.
This surge is mainly driven by the inflow of ETF funds, with institutional investors actively buying to hedge. While Ethereum's 'Pectra' upgrade has garnered attention, it is not closely related to the price increase. According to Coin Glass data, the total liquidation amount across the network reached $580 million, indicating active market conditions.
Recent Market Dynamics
Strong Support for Bitcoin
According to the Glassnode report, the Bitcoin market fundamentals are solid, with 88% of the circulating supply in profit, indicating that investors prefer to hold.
Federal Reserve on Hold
The U.S. Federal Reserve has kept interest rates unchanged due to economic uncertainty caused by Trump's tariff policies.
Coinbase Acquires Deribit
Coinbase has acquired the cryptocurrency futures platform Deribit for $2.9 billion, further expanding its influence in the derivatives market.
Meanwhile, the growth potential of SOL should not be underestimated! SOL has already seized the potential of the meme trend, creating a new wave of memes, and those with spare cash are daring to invest in some promising meme coins early. Among them, meme coins associated with Trump are particularly popular, especially the heroic dog Co Nan, backed by Trump's strong IP and active community. Under market pressure, its market value once fell below $10 million, but a few days later it returned above $10 million, showcasing remarkable resilience, and this is a great opportunity for entry and replenishment. The number of coin holders has exceeded 13.5K and continues to grow, making it a potential dark horse in the upcoming bull market!
If anyone wants to further understand the development of the entire coin circle and the meme sector, feel free to reach out to Meme交流區 for a discussion!
$SOL $ETH $XRP
