Bitcoin's "halving", the approval of Bitcoin and Ethereum spot ETFs in the U.S., and Trump's election victory have driven the cryptocurrency market capitalization to surge. According to Coingecko, the total cryptocurrency market cap rose from about $1.6 trillion at the beginning of the year to a peak close to $4 trillion. Among them, Bitcoin's price increased by 120.88% over the year, breaking through the $80,000, $90,000, and $100,000 marks within a month after Trump's victory, and then gradually retracing after reaching a peak of $108,353, currently hovering around $93,700. Ethereum increased by 45.6% over the year.