The cryptocurrency market recently rebounded, with Bitcoin breaking through $60,000, mainly driven by expectations of interest rate cuts from the Federal Reserve, inflows of institutional funds (such as the approval of Bitcoin ETFs), and a recovery in market sentiment. However, high volatility remains, and regulatory uncertainties (such as the SEC's scrutiny of tokens) and changes in the macroeconomic environment could trigger a pullback. In the long run, the expansion of blockchain technology applications (such as DeFi and RWA) may support value, but investors need to be wary of speculative risks and allocate assets appropriately. In a differentiated market, mainstream coins and compliant projects are more favored, while caution is needed regarding the bubble in altcoins. Cryptocurrency assets are gradually entering the mainstream, but healthy growth still requires time for validation.