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The cryptocurrency market demonstrates resilience amid the rising US dollar index, with BTC and ETH rebounding to $89.87K and $3.01K respectively. Core inflation data below expectations has altered market expectations of Federal Reserve policies, providing a positive boost to crypto assets. Escalating geopolitical risks may lead to market volatility, making the coming days a critical observation period. Investors should seize opportunities for entry at lows and rebounds.

Ark Invest founder Cathie Wood pointed out that the U.S. government is accelerating its Bitcoin reserve program, shifting from passive asset seizure to active purchasing, indicating increased emphasis on cryptocurrencies. Additionally, cryptocurrencies have become an important political asset for the Trump administration, with close relations between the two sides. The U.S. will also introduce stablecoin regulation and tax policies aimed at promoting the use of cryptocurrencies in payment systems, repositioning their strategic value.

The US core CPI data came in below expectations, leading to a countertrend rally in the crypto market. Bitcoin and Ethereum showed signs of recovery amid a softening US stock market. The market is re-evaluating Federal Reserve policies, and geopolitical risks have also become a key factor. Investors should pay attention to upcoming economic data and geopolitical developments to seize trading opportunities.

JPMorgan analysis report predicts that by 2025, the cryptocurrency market will attract nearly $130 billion in funding, primarily driven by retail investors and enterprises. In 2026, institutional investors will replace retail investors as the main driving force, as clearer regulatory environments will stimulate a new round of capital inflows. The analysis points out that institutions have been relatively absent due to the lack of clear policies, but they are expected to actively invest once regulations are implemented.

South Korea officially ends a 9-year ban on corporate cryptocurrency investments and will allow companies to include cryptocurrencies on their balance sheets by 2026. The new guidelines establish multiple layers of protection, including investment caps and scope restrictions, to prevent excessive speculation. This policy will effectively attract capital flows into Bitcoin and Ethereum and pave the way for the future implementation of the Digital Asset Basic Law. South Korea aims to strike a balance between financial innovation and risk management.

Ethereum will undergo the Fusaka upgrade on December 3, 2025, marking a significant milestone towards modularity and efficient scalability. This upgrade introduces the PeerDAS and BPO mechanisms, which can reduce node pressure and allow flexible parameter adjustments, enhancing data processing capabilities. This means faster response to L2 demands and is expected to reduce data fees by 40%-60%. Fusaka optimizes user experience and developer tools, laying the foundation for Ethereum's future in modularity, scalability, and security.

Entering 2026, the NFT market shows a slight rebound, but it is still driven by existing capital battles rather than new funds entering. Most projects have low trading volumes, and market awareness shifts toward physical collectibles, with investors gradually fleeing virtual assets. NFTs with practical value are beginning to gain popularity and may become the new focus of the market in the future.

Recently, the global capital markets have shown polarization. A-shares continue to rise but with risks to watch out for, while the crypto market is gradually revealing its value proposition as selling pressure decreases. The market lacks capital inflows but faces no exit pressure, creating participation opportunities. As the value proposition of A-shares declines, funds may shift toward the crypto market. Dollar-cost averaging into crypto assets requires patience for institutional entry opportunities.

Wall Street analyst Tom Lee's leading company, Bitmine Immersion (BMNR), recently increased its Ethereum holdings to 4.14 million coins, with total assets reaching $14.2 billion. The company not only continues to add to its holdings but also actively participates in network governance by staking 659,000 Ethereum. Lee is optimistic about the crypto market in 2026, believing that significant opportunities will arise.

Recently, Bitcoin's market volatility has been affected by global liquidity tightening, especially after the Bank of Japan raised interest rates. The arbitrage trading chain has been shaken, leading to a sharp decline in Bitcoin prices. Changes in the holder structure have caused Bitcoin to no longer be independent of traditional finance, turning it into a high-volatility risk asset that is highly correlated with other assets such as US stocks, affecting its pricing logic. Although Bitcoin's long-term returns outperform the S&P 500, it is significantly influenced by macroeconomic factors in the short term. This phenomenon reveals the challenges and risks faced by Bitcoin after being incorporated into institutional investment frameworks.

Binance Exchange's Ethereum net inflow rose to 245,000 ETH after the holiday, reaching a six-month high, indicating a change in investor sentiment. This could mean that holders are preparing to sell or collateralize their assets. In a market with low liquidity, Ethereum may face significant volatility risks, and investors should remain cautious.

Since 2026, although Bitcoin prices have reached new highs, the spot trading volume has dropped to a two-year low, indicating underlying concerns behind the rally. Insufficient liquidity could lead to sudden market reversals. For silver traders and crypto traders, it is essential to stay vigilant, assess risks, and avoid losses during market instability.

Recently, Bitcoin broke through the $95,000 resistance level, reflecting a market sentiment rebound and potentially pushing it toward $100,000. The stable US economy has driven capital flows into risk assets, and the traditional strategy of buying US dollars may need to be reconsidered. Against the backdrop of precious metals strengthening, the cryptocurrency market has also gained support, and investors should seize this opportunity.

Hong Kong police are conducting an in-depth investigation into the "JPEX scam case," arresting well-known KOL Chen Yi and searching her exchange shop. Chen Yi shifted from lifestyle sharing to cryptocurrency promotion and became a spokesperson for the JPEX platform. As the number of reported cases increased to thousands, the JPEX platform still restricts withdrawals. The case involves multiple interests and continues to attract attention.

The sentiment in the cryptocurrency market has shifted from "fear" to "greed," with the Fear & Greed Index rising to 61 points, reflecting a rebound in market confidence. Bitcoin's price has risen to $97,704, but a slight correction followed. Investors should be cautious as the sentiment index is only a reference; the market's future direction will be influenced by multiple factors, especially the key level of $100,000.

Prince Group founder Chen Zhi is accused of orchestrating a $14 billion cryptocurrency scam. Recently, he concealed his Bitcoin holdings and transferred them to a new wallet address in an attempt to evade U.S. Department of Justice investigation. The department has confiscated 127,271 Bitcoins stolen by Chen Zhi, setting the record for the largest cryptocurrency asset seizure in U.S. history. Questions have arisen regarding the flow of funds in the case, and some analyses have cast doubt on the authenticity of the hacker theft incident, fueling further suspicion.

In 2026, gold allocation becomes a focus for investors. UBS predicts that gold prices will rise to $5,000 per ounce in the first half of the year but will retreat to $4,800 in the second half. Factors supporting gold prices include geopolitical uncertainties, capital inflows into gold ETFs, and central bank gold purchases. Tether's gold token XAUT offers investors a convenient allocation option. Despite the risk of a pullback, the long-term value of gold remains strong, and moderate allocation of XAUT is an ideal choice for 2026.

Morgan Stanley is actively participating in the cryptocurrency market, recently applying for an Ethereum spot ETF and planning to generate income through staking. Its unique approach to profit handling differs from Grayscale ETF, demonstrating its professional thinking in asset management. As institutional funds pour in, the cryptocurrency spot ETF market is thriving, and Morgan Stanley's involvement marks a new stage of integration between Wall Street and digital assets.

The Taiwan Financial Supervisory Commission will include virtual currency platforms in anti-money laundering regulations starting July 2024, implementing a real-name transaction system that requires exchanges to verify customer identities. Different exchanges are adopting various strategies—some taking proactive measures, while others face compliance challenges. This change reflects the global trend of tightening regulations and increasing attention to virtual asset oversight.