Bitcoin surged from the $96,000 level last week and briefly surpassed $100,000. On the chart it is approaching the highest price levels seen last November and this January.

Last year, in two months from November, the price hit its peak, and in four months it reached the current level.

Regarding the cryptocurrency market capitalization, it has increased from 3.9 trillion dollars in November last year to 3.4 trillion dollars currently, and this is also rising.

As for market dominance, Bitcoin accounted for 63% last month, but now it is 58%, indicating that funds are moving from Bitcoin to Ethereum and other coins.

Among traders, some are moving funds into altcoins, and there is talk of a bubble potential emerging.

The most talked-about coin last week was Ethereum (ETH).

It surged from the $1,800 level to $2,600 in a rush.

That is a rise of 44%.

In addition, many Ethereum-related coins surged even more, including ENS, OP, ZK, EIGEN, and others.

Regarding Ethereum, it was natural that attention was drawn to it because a large share of the token is used for the stablecoin that is a key factor in Trump’s cryptocurrency promotion project (Ethereum network). The reason prices had been floundering may have been due to tariffs and reduced fees and other overall reasons, but personally it did not quite feel right.

However, last week, coinciding with the completion of the Petra upgrade and the easing of U.S.–China trade tensions, many assets rose.

◯ Coinbase added to the S&P 500.

Shares of Coinbase, the largest U.S. cryptocurrency exchange, have been included in the S&P 500 index.

The S&P 500 is a stock index consisting of 500 leading U.S. companies and is watched by investors worldwide.

This is the first time, and it can be said to be a great honor.

◯ Stablecoin Gold Rush

Meta, Stripe, Visa, Robinhood, Fidelity, PayPal...

Institutional investors are rushing into the stablecoin market, with issuances and the construction of settlement systems, among other things.

Ethereum holds more than 50% of the market by default and is the biggest beneficiary.

In comparison, Solana is only 5%. -rip.eth

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From the Trump administration, stablecoins are one of the main plans regarding cryptocurrency. It is stated that the Ethereum network will be the cornerstone for these stablecoins.

◯ Arthur Hayes “Buy Everything”

With reduced tariffs between the U.S. and China, Arthur Hayes made the above statement. An AI-based explanation of his intent

Arthur Hayes shows an optimistic view on the U.S.–China trade agreement. In this agreement, tariffs will be reduced for 90 days, tariffs on Chinese goods in the U.S. will be cut from 145% to 30%, and tariffs on U.S. goods in China will be cut from 125% to 10%. His words “Chai-Merica, buy everything!!!!” suggest that he believes this agreement will ease trade frictions and encourage investors to buy every asset, pushing the market higher. The term “Chai-Merica” symbolizes the rebuilding of economic ties between the two nations.

However, this agreement is temporary, and

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Cryptocurrency Market Analysis [May 13]