According to the latest data, the global Crypto Assets market capitalization has reached $13 trillion, with the price of BTC surpassing $28,000 and the price of Ethereum exceeding $1,800.
Currently, the Cryptocurrency market is in a rebound trend. The price of BTC has risen by over 75% from around $16,000 in March low. The price of ETH has also risen by over 28% from around $1,400 in March low.
Analysts believe that the recent rise in Cryptocurrency prices is mainly driven by the following factors:
1. The Fed's rate hike expectations cool down, market risk appetite rebounds; 2. Institutional investors enter the market, driving demand growth; 3. The upcoming halving of BTC has triggered investors to layout in advance; 4. Ethereum Shanghai upgrade successful, market confidence enhanced.
However, analysts also remind that the current market volatility is still high, investors need to operate cautiously and pay attention to risk management. There is still uncertainty in the future trend of the Crypto Assets market, and investors are advised to stay alert.
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According to the latest data, the global Crypto Assets market capitalization has reached $13 trillion, with the price of BTC surpassing $28,000 and the price of Ethereum exceeding $1,800.
Currently, the Cryptocurrency market is in a rebound trend. The price of BTC has risen by over 75% from around $16,000 in March low. The price of ETH has also risen by over 28% from around $1,400 in March low.
Analysts believe that the recent rise in Cryptocurrency prices is mainly driven by the following factors:
1. The Fed's rate hike expectations cool down, market risk appetite rebounds;
2. Institutional investors enter the market, driving demand growth;
3. The upcoming halving of BTC has triggered investors to layout in advance;
4. Ethereum Shanghai upgrade successful, market confidence enhanced.
However, analysts also remind that the current market volatility is still high, investors need to operate cautiously and pay attention to risk management. There is still uncertainty in the future trend of the Crypto Assets market, and investors are advised to stay alert.