Bitcoin and Ethereum: Dual Support from Policy Expectations and ETF Recovery
Bitcoin and Ethereum: Dual Support from Policy Expectations and ETF Recovery
First, let's look at Bitcoin. Last night, it rebounded from its intraday low, breaking through $85,000, with BTCD (Bitcoin market dominance) reaching 62.56%, a new high since February this year. Meanwhile, Ethereum also saw a long-awaited breakthrough, standing above $1,900, demonstrating rare resilience. This rebound was not a sudden frenzy, but the result of multiple positive factors converging.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]Market Divergence: Stable Large-cap, Chaotic Small-cap, Dominated by FUD Sentiment
Last night's market showed a clear divergence. Bitcoin and Ethereum steadily rebounded with support from institutional funds, policy expectations, and ETF recovery, while Altcoins collapsed due to insufficient market confidence. Currently, during the early stage of the new Trump government, the market generally expects that its "America First" policy might bring tariff adjustments, especially with tariff policies targeting Chinese goods expected to be implemented tomorrow. At this critical point, market confidence is fragile, and investors are full of concerns about macroeconomic uncertainties, where any slight movement could trigger FUD sentiment.
The Altcoin market was hit first. Small cryptocurrencies like ACT already have weak liquidity, and Binance's rule adjustments were just the fuse, with market panic sentiment being the real driver. Investors worry that tariff implementation might lead to global economic slowdown, with risk assets being the first to be affected, and Altcoins, as high-volatility assets, becoming the primary target for selling. In comparison, Bitcoin and Ethereum demonstrated stronger resilience due to support from institutional funds and policy expectations.
