Market Review

1. Bitcoin (BTC): Today's price is $94,218.43, with a 24-hour trading volume of $21,275,333,477. The price has decreased by 0.13% in the past 24 hours and by 0.93% over the past 7 days. The circulating supply is 19.86 million BTC, and Bitcoin's market capitalization is $1,871,249,045,721. The highest price yesterday reached $95,199, while the lowest was $93,514, with a fluctuation of 1,685 points. Over a longer period, Bitcoin rose to its historical peak of $109,114.88 in 2025, having also experienced a low of $74,436.68, indicating significant price volatility. Recently, Bitcoin has remained above $80,000 for an extended period and returned above $90,000, with this month's highest price reaching $95,768.39.

2. Ethereum (ETH): Today's price is $1,797.94, with a 24-hour trading volume of $9,677,726,170. The price has decreased by 0.05% in the past 24 hours and by 0.02% over the past 7 days. The circulating supply is 120.73 million ETH, and Ethereum's market capitalization is $217,129,396,254. The highest price yesterday was $1,833, while the lowest was $1,781, with a fluctuation of 52 points. Over the past month, Ethereum has seen little significant price change, and the current trading price has remained relatively stable.

Influencing Factors Analysis

1. Policy Level: The Arizona House of Representatives in the United States has passed two Bitcoin reserve bills, allowing the state to adopt Bitcoin or other cryptocurrencies as strategic reserves. This news has had a positive effect on market sentiment. However, from a macro perspective, the Federal Reserve's interest rate decisions and other monetary policies remain significant factors influencing the cryptocurrency market. According to CME's "FedWatch," there is a 96.8% probability that the Federal Reserve will maintain interest rates at 4.25 - 4.50% in May, with only a 3.2% chance of a 25 basis point rate cut. The direction of monetary policy affects market liquidity and investors' cost of capital, thereby influencing investment decisions regarding cryptocurrencies like Bitcoin and Ethereum.

2. Market Supply and Demand: The total supply of Bitcoin is fixed at 21 million coins, and as time goes on, the rate of new coin issuance gradually slows, highlighting its scarcity. Although Ethereum does not have a fixed total supply limit, its token economic model is changing with the advancement of Ethereum 2.0, and mechanisms like staking are affecting the circulation of Ethereum in the market. Additionally, the demand from institutional and retail investors for both cryptocurrencies is constantly changing; for example, some investment institutions are beginning to allocate Bitcoin as a strategic reserve asset, which will increase demand for Bitcoin.

3. Technological Development: The upgrade process of Ethereum is receiving significant attention, with technological upgrades such as the transition from Proof of Work (PoW) to Proof of Stake (PoS) affecting not only Ethereum's performance and security but also investors' expectations for its future value. Bitcoin's technological development is more focused on improvements in blockchain scalability and privacy protection.

Trading Suggestions

• For Bitcoin, it is recommended to go long around $94,000 with a target of $96,000.
• For Ethereum, it is recommended to go long around $1,800 with a target of $1,850.

There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting global economic news, analyzing major global investment trends, and providing daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article represents personal opinions only and is for reference only. It should not be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.

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