The overall cryptocurrency market has shown a strong upward trend recently, and the prices of many mainstream currencies have continued to break through key psychological barriers. Data shows that Ethereum (ETH) has broken through $2,700 and continues to attract market attention; Bitcoin (BTC) has broken through $59,000, $60,000 and $62,000, and its performance is particularly eye-catching. In addition, Binance Coin (BNB) has also successfully broken through $500, showing the high enthusiasm of the market. In terms of exchange dynamics, the analysis of the founder of CryptoQuant pointed out that the United States currently controls 35% of the Bitcoin hash rate, which may have an impact on the supply and demand relationship in the market in the future. At the same time, the destruction of USDC shows the dynamic adjustment of the stablecoin market, and the total network liquidation amount of $213 million reflects the high volatility and speculative risks of the market. Investors should pay close attention to market regulatory trends and the policies of major countries on cryptocurrency mining. For example, Russia's recent regulatory legalization progress will bring new vitality to the market. On the whole, the current cryptocurrency market is still in an upward channel and may continue to maintain a strong trend in the short term. Investors need to seize opportunities with caution.