以太坊正在取代比特幣以領導最近的加密市場

比特幣的價格幾乎與週五的周五相同，沒有明顯的波動。

The global financial markets are shifting positively. In the talks held in Geneva, Switzerland over the weekend, China and the United States reached an important consensus. Both sides agreed to establish a trade consultation mechanism to lay the foundation for resolving differences. Trump praised the negotiations on social media as "making great progress", and his Treasury Secretary Bessant and Trade Representative Greer also said that they would share more details today.

全球金融市場正在積極轉移。在周末在瑞士日內瓦舉行的會談中，中國和美國達成了重要的共識。雙方都同意建立貿易諮詢機制，以解決差異的基礎。特朗普稱讚社交媒體上的談判是“取得巨大進步”，他的財政部長貝尚（Bessant）和貿易代表格里爾（Greer）也表示，他們今天將分享更多細節。

Both sides reached an important consensus at the meeting. The White House said that the two sides had "productive conversations" and agreed to establish a trade consultation mechanism to lay the foundation for resolving differences. Trump praised the negotiations on social media, saying they were "making great progress". His Treasury Secretary Bessant and Trade Representative Greer also said that they would share more details about the meeting today.

雙方在會議上達成了重要的共識。白宮說，雙方進行了“生產性對話”，並同意建立貿易諮詢機制，以解決差異的基礎。特朗普稱讚社交媒體上的談判，稱他們正在“取得巨大進展”。他的財政部長Bessant和貿易代表Greer還說，他們將分享有關今天會議的更多細節。

In terms of macroeconomic data, the United States will release April CPI data on May 13. Previously, the CPI fell by 0.1% month-on-month in March, a new low in nearly five years, and the core CPI increased by 2.8% year-on-year, the lowest level in four years. However, analysts expect that this easing of inflationary pressure may be difficult to sustain, especially after the Trump administration implements a comprehensive tariff policy. David Kelly, chief global strategist at JPMorgan Asset Management, said this may be the calm before the inflation storm.

在宏觀經濟數據方面，美國將於5月13日發布4月CPI數據。此前，CPI在3月份的月份下降了0.1％，將近五年的新低點下降，CORE CPI同比增長2.8％，是四年來最低水平。但是，分析師預計，通貨膨脹壓力的緩解可能難以維持，尤其是在特朗普政府實施全面的關稅政策之後。摩根大通資產管理公司（JPMorgan Asset Management）的首席全球策略師戴維·凱利（David Kelly）表示，這可能是通貨膨脹風暴之前的平靜。

Observers pointed out that the US government's move to increase tariffs may push up inflation levels in the coming months, which may have an impact on the Federal Reserve's monetary policy path. The market is closely watching the upcoming CPI data to assess the specific impact of the tariff transmission effect on the US economy.

觀察家指出，美國政府提高關稅的舉動可能會在未來幾個月內提高通貨膨脹水平，這可能會影響美聯儲的貨幣政策道路。市場正在密切關注即將到來的CPI數據，以評估關稅傳輸影響對美國經濟的具體影響。

Ethereum is replacing Bitcoin to lead the recent crypto market. The price of Bitcoin was almost the same as Friday over the weekend, with no significant fluctuations. The market expects that today's opening of the US stock market and the results of the Sino-US negotiations will affect the direction of Bitcoin. Analyst Rekt Capital pointed out that market data shows that the current liquidity is mainly concentrated around $104,000, and $106,000 has become the next key resistance level, but some traders are cautious about the short-term trend, fearing that a "false breakthrough" may occur and then fall back to $102,000 or lower.

以太坊正在取代比特幣以領導最近的加密市場。比特幣的價格幾乎與週五的周五相同，沒有明顯的波動。該市場預計，當今的美國股票市場開放以及中美國談判的結果將影響比特幣的方向。分析師Rekt Capital指出，市場數據表明，目前的流動性主要集中在104,000美元左右，106,000美元已成為下一個關鍵阻力水平，但是有些交易者對短期趨勢持謹慎態度，擔心可能會發生“虛假突破”，然後會發生回到102,000美元或更低。

After the successful implementation of the Pectra upgrade, Ethereum performed particularly well, breaking through $2,600 over the weekend, with a weekly increase of nearly 40%, driving the recovery of the entire crypto ecosystem. The market has begun to look forward to the next major upgrade Fusaka before the end of the year. Although some institutions have recently begun to purchase Ethereum and Bitcoin, such as Abraxas Capital withdrew 185,309 Ethereum (currently worth about $470 million) from Binance within 3 days, and this part of ETH has been deposited in Aave and Compound. The institution also purchased more than $250 million in Bitcoin in mid-April. But it is worth noting that many whales and smart money began shorting and selling BTC, ETH and SOL today.

在成功實施Pectra升級後，以太坊的表現特別出色，週末賺了2600美元，每週增加近40％，促進了整個加密生態系統的恢復。市場已經開始期待在年底之前進行下一個重大升級的Fusaka。儘管一些機構最近開始購買以太坊和比特幣，例如Abraxas Capital在3天內撤回了185,309個以太坊（目前價值約4.7億美元），而ETH的這一部分已存入AAVE和COMPOUND。該機構還在4月中旬購買了超過2.5億美元的比特幣。但是值得注意的是，今天許多鯨魚和聰明的錢開始賣空和出售BTC，ETH和SOL。

The altcoin market has recently shown signs of recovery, with a slight correction today. DWF Labs partner Andrei Grachev revealed last Friday that they are buying a large number of various small currencies and considering establishing strategic reserves. However, analysts are divided on the sustainability of the market. Among them, 2Lambroz believes that the peak season of altcoins may have arrived, but the market lacks a strong story and retail investors are not obvious; while technical experts point out that the current market structure is similar to that in 2016 and 2020, and small currencies may usher in explosive growth after the accumulation period.

Altcoin市場最近顯示了恢復的跡象，如今稍有校正。 DWF實驗室合夥人安德烈·格拉切夫（Andrei Grachev）上週五透露，他們正在購買大量各種小型貨幣，並考慮建立戰略儲備。但是，分析師對市場的可持續性有所分歧。其中，2Lambroz認為，Altcoins的高峰季節可能已經到來，但是市場缺乏強烈的故事，零售投資者並不明顯。儘管技術專家指出，當前的市場結構與2016年和2020年的市場結構相似，而小額貨幣可能會在積累期後引入爆炸性增長。

Two popular meme coins also appeared on the chain over the weekend: one is the $USELESS token, which focuses on "uselessness" and is supported by the founder of Bonk; the other is the new character mouse frog $RATO created by the father of Pepe. MOODENG and GOAT launched on Binance Alpha have also performed well recently. Since May 8, MOODENG has risen from $0.0396 to $0.294 (up 642%), and GOAT has risen from $0.07 to $0.2428 (up 247%). In addition, the TRUMP dinner leaderboard will be closed at 1:30 am on May 13, when the top 220 dinner qualifications will be determined. Some traders are betting on TRUMP's future, and a new wallet withdrew $7.6 million of TRUMP from Binance and OKX today.

週末，鏈條上還出現了兩個流行的模因硬幣：一個是$無用的令牌，它的重點是“無用”，並得到了Bonk的創始人的支持；另一個是佩佩之父創建的新角色鼠標青蛙$ rato。 Moodeng和山羊在Binance Alpha上推出，最近也表現出色。自5月8日以來，Moodeng已從0.0396美元上升到0.294美元（增長642％），山羊已從0.07美元上升到0.2428美元（增長247％）。此外，特朗普晚餐排行榜將於5月13日上午1:30關閉，屆時將確定前220名晚餐資格。一些交易者押注特朗普的未來，新錢包今天撤回了760萬特朗普的獎金，而今天的OKX也是如此。

Key data (as of 12:00 HKT on May 12)

關鍵數據（截至5月12日12:00 HKT）

(Data sources: Coinglass, Upbit,

（數據源：coinglass，upbit，