The current situation in the cryptocurrency market is as follows:

Bitcoin is like a tough nut; when it rises, it leads the charge, but other altcoins not only fail to keep up but also get drained of value; when it falls, Bitcoin remains relatively stable, but altcoins plummet even more. Ethereum has recently seen a significant influx of investment due to ETF funds buying in large quantities (for instance, a company spent 460 million USD to stock up), and it should have surged, but the Ethereum foundation is not doing its part, combined with early investors continuously selling off, which has kept the price stuck around 2500 USD.

Currently, the altcoin market is lethargic, with a daily decline; this situation may persist for a while. Many people are being pushed to consider leveraged contracts, but please avoid it! Recently, the conflicts in the Middle East have caused billions in liquidations, and contracts are no different from gambling; in the end, you will definitely lose all your capital.

Additionally, there’s a big piece of news: the company issuing USDT, Tether (the one that prints stablecoins), made 13 billion USD in profit last year, and now their CEO has declared they want to become "the world's largest Bitcoin miner." They not only bought 100,000 Bitcoins but also invested 2 billion USD in building a mining facility in South America, using clean energy for mining. The most crucial part is that they will absolutely not sell the Bitcoins they mine! This means the circulating supply of Bitcoins in the market will decrease, potentially driving the price higher.

Lastly, there’s a potential positive factor: if Trump wins the U.S. election, he might replace the Federal Reserve chairman with someone supportive of cryptocurrency. The whole world is currently waiting for the Federal Reserve to lower interest rates and inject liquidity; if that happens, the cryptocurrency market may welcome a new bull run.