Bitcoin broke through $88,800 on the morning of March 25, reaching a three-week high and surging 15.6% from its March 11 low point. This strong rebound coincides with a rise in US tech stocks and signals of tariff relaxation from the Trump administration, with market liquidity expectations suddenly rising and risk assets experiencing a comprehensive recovery, prompting investors to rush in. Currently, the market is focused on what factors might push Bitcoin to break through the daily closing price of $92,000, which was last seen on March 3. Crypto investors are frustrated that while gold trading prices are only 1% below its historical high of $3,057, Bitcoin's price is still 19% away from its historical peak. Some analysts attribute Bitcoin's recent price increase to US-listed company Strategy increasing its BTC reserves, while others link it to macroeconomic factors such as slowing inflation expectations and a more moderate stance on tariffs by US President Donald Trump. Despite some market optimism, traders still question Bitcoin's potential for sustained growth. Due to recession concerns, Bitcoin's upside potential may be limited. Economists expect the "core" Personal Consumption Expenditures (PCE) index to slow down, with February's index projected to rise by 2.7%. This data, the Federal Reserve's preferred inflation indicator, will be released on March 26. If the data shows softening inflation as expected, it would support Fed Chair Powell's view on transitory inflation and increase the likelihood of rate cuts in 2025. The overvaluation of AI stocks has raised investor concerns about recession risks. The potential impact of government spending cuts could negatively affect consumer and commercial real estate markets. Although these issues are not directly related to Bitcoin, traders worry that all risk assets could be impacted if stagflation risks emerge. The Wall Street Journal reports that President Trump is considering reducing tariffs scheduled to be implemented on April 2. While unconfirmed, the market generally believes Trump might cancel industry-specific tariffs and grant exemptions to certain countries. On March 24, investors perceived a reduced risk of economic contraction, with the S&P 500 rising 1.76%, potentially supporting Bitcoin's price increase. Strategy announced purchasing $584 million worth of Bitcoin on March 24, bringing its holdings to 506,137 BTC. This acquisition is funded by selling 1.97 million common shares and a planned $21 billion STRK perpetual preferred stock issuance to support its ambitious $42 billion Bitcoin acquisition goal. While this news is short-term positive for Bitcoin, potential monetary policy easing and reduced global tariff risks could benefit stock markets and AI and commercial real estate sectors. Solana's native token SOL rose 8.5%, breaking above $142 and reaching a two-week high. The rise coincides with the crypto market's recovery and reduced economic recession expectations. Meme coins have also shown strong performance, with some tokens rising over 12% since March 23. Despite recent rebounds, SOL remains 23.7% behind the overall crypto market, closely related to a 93% drop in Solana network transaction fees. Currently, SOL's trading price is still 52% below its all-time high. Solana remains the second-ranked blockchain by Total Value Locked (TVL) and third in on-chain transaction volume. Its smart contract deposit value stands at $6.8 billion, significantly higher than BNB Chain's $5.4 billion. Solana's network fees have exceeded Ethereum's base layer, with daily transaction volumes surpassing $1 million. The network's recent income reached a two-week high, suggesting a potential bottom.

The approval of Solana spot ETF is heating up, and President Trump's social media posts have also brought new momentum to MEME coins. According to CoinGlass data, despite SOL's weak price, the long-short ratio of top Binance traders has soared to 2.40, reaching a two-month high. Matthew Sigel, Digital Asset Research Director at VanEck, stated that the SEC is expected to make a final decision by the end of the year, and while success is not guaranteed, the approval of the Solana ETF would help SOL stand out from competitors, especially among institutional investors.

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Trump's social post triggered a MEME coin frenzy in the Solana ecosystem, with Fartcoin rising 15% on March 24, Dogwifhat (WIF) and Pudgy Penguins (PENGU) both rising 12%. Ultimately, considering Solana network's TVL, fees, and whale fund leverage operations, SOL still has enormous growth potential.