Cryptocurrency market real-time report: bulls are reveling, opportunities and risks coexist

The cryptocurrency market is experiencing a wave of remarkable fluctuations. The price of BTC rose to $91,001, up 1.9% on the day, once again demonstrating its core position in the global crypto market. At the same time, ETH rebounded strongly to $3,168, up 3.46%, becoming another focus of market attention. Ripple (XRP) has ushered in a big outbreak, soaring more than 30% in 24 hours, completely igniting investors' enthusiasm.

The current market sentiment is high, and the fear and greed index has reached 85, indicating that investors' optimism is approaching its peak. The reason is that the strong performance of mainstream currencies is due to both long-term confidence in the development of blockchain technology and the boost of recent news. Taking Ripple as an example, its sharp rise is inseparable from the positive progress of the US Securities and Exchange Commission's lawsuit. This event has made the market expect that crypto assets that have long been shrouded in regulatory shadows are expected to usher in the dawn of policy relaxation.

However, opportunities are always accompanied by risks. The rise of the market is not completely worry-free. On the one hand, macro-level uncertainties such as geopolitical conflicts, escalating tensions in the Middle East, and possible monetary policy fluctuations caused by US inflation data are still potential shadows hanging over the market. On the other hand, the concentration of large players in the Bitcoin market is too high, and a few accounts control more than 40% of the Bitcoin supply, making the market vulnerable to the trading of "whales", and the risk of volatility is further amplified.

It is worth noting that market hotspots are not limited to mainstream currencies. The rise of SOL and BNB is also not to be ignored. Sol's price rose to $217 thanks to its technological improvements and ecological development, while BNB reached $628 driven by active exchange activities.

For the current market, optimism is certainly worth celebrating, but rational investment strategies are still important. Whether it is the continued efforts of mainstream currencies or the explosive growth of emerging currencies, the intensification of market volatility in the short term is almost certain. Investors are advised to maintain risk awareness while grasping the trend to avoid losses due to chasing highs or misjudging market sentiment.

In this feast of bull carnival, are you a steady observer or a risk-taker?$BTC $SOL $XRP