As of mid-May 2025, cryptocurrencies have surged broadly. Bitcoin (BTC) has reclaimed roughly $105K amid a wave of positive macro headlines. Ethereum (ETH) similarly rallied (up ~7.7% on May 11) as on-chain activity picked up – for example, staking platform Ether.fi (ETHFI) saw its TVL hit record. Broad risk-on sentiment (e.g. US-China trade optimism) has driven this rally, lifting top-cap assets.