Recently, the cryptocurrency market has been highly dynamic, especially in the areas of Bitcoin and Ethereum, which have shown strong development momentum. The U.S. Bitcoin spot ETF options are about to be launched, injecting new vitality into the market, and the continued buying strategies of large institutions such as Andrew Tate and MicroStrategy demonstrate the confidence of institutional investors in Bitcoin. Additionally, Ethereum price exceeded $3,100, reflecting market expectations for its future growth. In terms of data, the recent liquidation situation across the entire network is astonishing, with the liquidation amount reaching US$281 million within 24 hours, showing that market volatility is still high and investors are nervous. At the same time, Tether’s operations on the Ethereum and TRON networks show its support for the Ethereum ecosystem. In the future, as technology integration and market institutional investment continue to increase, the crypto market structure may undergo significant changes. Taken together, the current cryptocurrency market is in the midst of consolidation and volatility, and future trends are worthy of attention. Overall, the cryptocurrency market is still in a positive recovery phase.