The price of Bitcoin today has surpassed 870,000 RMB, with a total market value climbing to approximately 238.416 billion USD; Ethereum's price has crossed the 30,000 RMB mark, with its market value exceeding 500 billion USD. The recent continuous strengthening of the two major cryptocurrency giants not only signals an increase in market confidence but also reflects investors' recognition of the value and potential of cryptocurrency as an asset class—more and more funds are accelerating their influx into this field.
From a historical perspective, institutional entry is often a key driving force in the market. The simultaneous rise of the two giants this time may be closely related to the continuous injection of institutional funds. For example, there are reports that Harvard Management Company significantly increased its holdings in products tracking the value of gold and Bitcoin in the second quarter of 2025.
The overall advancement of the cryptocurrency industry continues to support market enthusiasm: technological innovations and the expansion of application scenarios are deepening, and the regulatory environment is gradually improving. Taking the United States as an example, the federal regulatory framework for stablecoins signed on July 18 officially establishes federal-level regulations for this field, enhancing market trust in stablecoins and underlying public chains, and injecting certainty into the entire cryptocurrency market.
The current market growth momentum is continuously accumulating: on one hand, institutional attention and fund inflows are consistently rising, with phenomena such as BlackRock's Bitcoin ETF asset management scale steadily expanding and Ethereum ETF experiencing large inflows, providing solid funding support for the market; on the other hand, technological upgrades in Ethereum and other iterative breakthroughs are continuously broadening the application boundaries of cryptocurrency; additionally, positive signals from policies are also worth looking forward to, such as the crypto-friendly policies that the Trump administration may introduce, which are expected to open up new growth space for the market.

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