#加密市场反弹 Cryptocurrency Market Rebound

In the first half of 2025, the cryptocurrency market is in the 'post-bull market' phase, characterized by high-level fluctuations and structural differentiation. Bitcoin retraced after reaching a new high driven by the halving cycle, and is now shrouded in macroeconomic uncertainty due to factors such as the Federal Reserve's monetary policy not shifting to easing and Sino-American trade frictions.

However, recent signals of a rebound have emerged in the cryptocurrency market. From a macro perspective, global inflation is easing, central banks in multiple Eurasian countries are considering interest rate cuts, expectations for a shift in the Federal Reserve's stance are rising, trade negotiations are returning to rationality, and the cryptocurrency market's sensitivity to geopolitical friction is decreasing, with stable net inflows into Bitcoin ETFs.

From the industry's own perspective, decentralized finance continues to innovate, making progress in areas such as lending and derivatives trading. Technologies like Layer 2 have improved scalability and security, attracting more institutional participation. Institutional investors are also continuously entering the market, with cryptocurrency asset investment and custody gradually being accepted by traditional financial institutions. Large enterprises are recognizing its strategic significance, and the market's capital pool is continuously expanding.