The global trade situation has eased, and the cryptocurrency market has exploded! On May 9, Bitcoin soared to $104,300, with a daily increase of nearly 5%. Ethereum was even more exaggerated, jumping 28% to $2,485. Popular coins like Dogecoin and Solana also went crazy, with increases all above 10%. The cryptocurrency trading groups must be experiencing a continuous rain of red envelopes right now.

Bitcoin just broke through $100,000, and the Wall Street guys in suits turned green with envy. Institutions like BlackRock and MicroStrategy are pouring money in frantically, afraid that if they are a moment late, they won’t even get a drop. Even more astonishing, New Hampshire directly passed a bill to treat Bitcoin as a strategic reserve, with the state government hoarding coins.

Speaking of Ethereum, it truly represents the comeback of the tech enthusiasts! Vitalik and his team rolled out a Pectra upgrade, reducing transaction fees to below $0.50, and on-chain addresses surged by 12%. The futures market is even more thrilling, with short sellers being wiped out, losing $438 million, forcing them to close their positions overnight, which pushed prices even higher. If you ask me, these contract traders aren't just gambling money; they're playing with their lives!

Policy direction has changed faster than flipping a page. Trump just signed a trade agreement with the UK and then turned around to say he wants to keep a 10% tariff as a backup. The SEC is even more precarious, hinting that it might approve the Ethereum ETF one moment, and then digging up old issues regarding securities properties the next, making the market feel like bungee jumping. If you ask me, the regulators are the real manipulators; a single statement can make the crypto world shake.

Looking at those altcoins, Dogecoin and Trump Coin are running around chaotically, leaving the legitimate projects without funds to rise. Small coins outside the top 50 by market cap have an average increase that doesn't even reach 5%, being drained dry by Meme coins. This market is just like a vegetable market; after the aunties finish snatching up the cabbage, they rush for watermelons, only to find they've ended up with nothing.