The cryptocurrency market has exploded! Recently, the market has been absolutely crazy, with Ethereum directly breaking through the $4,200 mark, soaring 8% in just one day, and the total market capitalization skyrocketing to $500 billion. Bitcoin is also not to be outdone, stabilizing at $117,000. Although its increase is only 1%, it's still quite frightening.

This all started with Harvard University. The latest news revealed that Harvard's endowment fund suddenly made a large entry into the cryptocurrency market in the second quarter, purchasing $167 million worth of Bitcoin ETFs all at once! That's not a small amount. If you ask me, even top institutions like Harvard are starting to stockpile Bitcoin, it seems virtual currencies are really about to make a comeback?

The market data is even more exaggerated: the total market capitalization of the entire cryptocurrency market has climbed back up to $4 trillion, increasing by 1.9% in just 24 hours. However, while some are happy, others are worried; this wave of market movement has led to over 100,000 people being liquidated, with total losses nearing $400 million. The worst single loss occurred on Ethereum, where over $10 million was lost, just thinking about it is painful.

Now the whole world is crazily printing money, especially after the pandemic, where everyone views gold and cryptocurrencies as safe-haven assets. Additionally, the Trump administration has recently been particularly supportive of cryptocurrencies, not only allowing retirement funds to purchase Bitcoin but also establishing a "strategic Bitcoin reserve," with various favorable policies continually emerging. $BTC