Constant macroeconomic benefits stimulate, is Ethereum finally going to 'get up'?

On the morning of May 14, the cryptocurrency market showed signs of recovery, with the secondary market following BTC's rise, many altcoins hitting short-term new highs. BTC steadily rebounded from the low point of $100,733 on the 13th to $104,986, an increase of over 4.22%. As of the time of publication, Bitcoin is reported at $103,720.

After a brief consolidation, ETH continued its strong upward trend, recovering from a bottom of $2,407.09 to break through $2,738.83, reaching a recent new high with an increase of over 13.7%. SOL rebounded from $166.14, reaching a maximum of $184.90, with a growth rate of 11.29%.

The total market value of cryptocurrencies has risen over 2%, approaching $3.4 trillion. As altcoins collectively surged, Bitcoin's market share dropped to 61.60%, and the altcoin season index rose to 29, with the fear and greed index climbing to a greedy level of 74. During the same period, the S&P 500 erased its losses for the year, and the Nasdaq rose over 1%.

In terms of liquidation data, according to Coinglass, over 133,700 people were liquidated in the last 24 hours, with a total liquidation amount of $397 million, of which $245 million was due to short positions and $149 million was due to long positions, predominantly affecting short positions. The largest single liquidation on CEX was ETH-USDT, occurring on Binance, valued at $12.2041 million.

Following the consensus reached in the China-U.S. Geneva talks on May 9 regarding 'reciprocal tariff reductions,' the Trump administration on the 13th again announced good news, stating the removal of export restrictions on AI chips imposed during Biden's term, with stocks like Nvidia and AMD rising over 5% in pre-market trading, indirectly boosting the valuation recovery of risk assets in the crypto market.

Reviewing the cryptocurrency and U.S. stock trends from early April to now, Trump's speeches have had a significant impact on the market: after Trump stated on April 9 that 'now is a good time to buy,' just hours later he announced the suspension of certain tariffs, leading BTC to rebound nearly 25% that month, with U.S. stocks rebounding over 16%.

Trump's 'buy' call did not stop there: on May 8, Trump again emphasized that if trade agreements combined with tax cuts could yield results, 'you better go out and buy stocks now.' This subsequently led to a significant rise across the board in U.S. stocks on Monday, with the S&P 500 rising 3.3%, and the Nasdaq 100 soaring 4%. The upward trend in U.S. stocks continued into Tuesday, with the S&P 500 recouping all its losses for the year.