As of now, Bitcoin has surpassed $93,000 and Ethereum has reached $1,700, primarily driven by favorable policies and a recovery in market sentiment. The Trump administration has promoted cryptocurrency-friendly policies, and expectations of a thaw in China-U.S. trade relations, combined with ongoing institutional accumulation of funds, have propelled a short-term market rebound. However, in the long term, Coinbase points out that the global liquidity recovery and increased regulatory certainty, along with Standard Chartered's view that the pressure for interest rate cuts from the Federal Reserve may further support Bitcoin, suggest that this round of increases may not just be a rebound, but a continuation of a structural trend.