$BTC and $ETH both experienced gains, with the former surpassing the $31,000 mark it has not held since April.

The market's uptrend comes after spot #比特币ETF continues to apply as well as Powell saying cryptocurrencies appear to have staying power as an asset class and that payments stablecoins are a form of currency.

About 50% of Bitcoin transactions on CEX are buy orders, with a total amount of about $33 billion. It is clear that Bitcoin is the one that the market prefers, while the remaining crypto assets are not that attractive. ETH cannot keep up with Bitcoin, let alone a number of altcoins. Except for a few dying assets that have been sought after by funds and have risen sharply after being launched on the EDX exchange, the altcoins as a whole are very weak.

It is better to remain patient. The structural characteristics of the market will not be maintained forever. The rise of Bitcoin is good for the entire industry. It is a kind of confidence that will be passed on sooner or later.