以太坊正在取代比特币以领导最近的加密市场

比特币的价格几乎与周五的周五相同，没有明显的波动。

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.

全球金融市场正在积极转移。在周末在瑞士日内瓦举行的会谈中，中国和美国达成了重要的共识。双方都同意建立贸易咨询机制，以解决差异的基础。特朗普称赞社交媒体上的谈判是“取得巨大进步”，他的财政部长贝尚（Bessant）和贸易代表格里尔（Greer）也表示，他们今天将分享更多细节。

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.

双方在会议上达成了重要的共识。白宫说，双方进行了“生产性对话”，并同意建立贸易咨询机制，以解决差异的基础。特朗普称赞社交媒体上的谈判，称他们正在“取得巨大进展”。他的财政部长Bessant和贸易代表Greer还说，他们将分享有关今天会议的更多细节。

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.

在宏观经济数据方面，美国将于5月13日发布4月CPI数据。此前，CPI在3月份的月份下降了0.1％，将近五年的新低点下降，CORE CPI同比增长2.8％，是四年来最低水平。但是，分析师预计，通货膨胀压力的缓解可能难以维持，尤其是在特朗普政府实施全面的关税政策之后。摩根大通资产管理公司（JPMorgan Asset Management）的首席全球策略师戴维·凯利（David Kelly）表示，这可能是通货膨胀风暴之前的平静。

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.

观察家指出，美国政府提高关税的举动可能会在未来几个月内提高通货膨胀水平，这可能会影响美联储的货币政策道路。市场正在密切关注即将到来的CPI数据，以评估关税传输影响对美国经济的具体影响。

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币以领导最近的加密市场。比特币的价格几乎与周五的周五相同，没有明显的波动。该市场预计，当今的美国股票市场开放以及中美国谈判的结果将影响比特币的方向。分析师Rekt Capital指出，市场数据表明，目前的流动性主要集中在104,000美元左右，106,000美元已成为下一个关键阻力水平，但是有些交易者对短期趋势持谨慎态度，担心可能会发生“虚假突破”，然后会发生回到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.

在成功实施Pectra升级后，以太坊的表现特别出色，周末赚了2600美元，每周增加近40％，促进了整个加密生态系统的恢复。市场已经开始期待在年底之前进行下一个重大升级的Fusaka。尽管一些机构最近开始购买以太坊和比特币，例如Abraxas Capital在3天内撤回了185,309个以太坊（目前价值约4.7亿美元），而ETH的这一部分已存入AAVE和COMPOUND。该机构还在4月中旬购买了超过2.5亿美元的比特币。但是值得注意的是，今天许多鲸鱼和聪明的钱开始卖空和出售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市场最近显示了恢复的迹象，如今稍有校正。 DWF实验室合伙人安德烈·格拉切夫（Andrei Grachev）上周五透露，他们正在购买大量各种小型货币，并考虑建立战略储备。但是，分析师对市场的可持续性有所分歧。其中，2Lambroz认为，Altcoins的高峰季节可能已经到来，但是市场缺乏强烈的故事，零售投资者并不明显。尽管技术专家指出，当前的市场结构与2016年和2020年的市场结构相似，而小额货币可能会在积累期后引入爆炸性增长。

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.

周末，链条上还出现了两个流行的模因硬币：一个是$无用的令牌，它的重点是“无用”，并得到了Bonk的创始人的支持；另一个是佩佩之父创建的新角色鼠标青蛙$ rato。 Moodeng和山羊在Binance Alpha上推出，最近也表现出色。自5月8日以来，Moodeng已从0.0396美元上升到0.294美元（增长642％），山羊已从0.07美元上升到0.2428美元（增长247％）。此外，特朗普晚餐排行榜将于5月13日上午1:30关闭，届时将确定前220名晚餐资格。一些交易者押注特朗普的未来，新钱包今天撤回了760万特朗普的奖金，而今天的OKX也是如此。

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

关键数据（截至5月12日12:00 HKT）

(Data sources: Coinglass, Upbit,

（数据源：coinglass，upbit，