The overall market is rising, with strong momentum.

Bitcoin: Continues to surge, holding steady above $93,000, and even touched $94,000 during the day.
Ethereum: Also keeping up, with the price nearing $3,100.
Ethereum network "upgrade patch": Today, the Ethereum mainnet completed an upgrade called "Fusaka." In plain terms, this upgrade mainly aims to increase the data processing capacity of its Layer-2 networks by eightfold, with the goal of making transaction fees cheaper for users trading on these Layer-2s. This is a significant optimization of the underlying technology.
Big shot "admitting mistake," major attitude shift: Larry Fink, CEO of BlackRock—the world's largest asset management company—publicly stated today that he was "wrong" in the past to oppose Bitcoin and cryptocurrencies. This reversal is very interesting, as BlackRock now manages the largest spot Bitcoin ETF. The big shot’s admission of error, to some extent, also represents a shift in attitude within traditional finance.
Biggest positive expectation: The Fed may cut interest rates. The main driver behind today’s market rally actually comes from outside the crypto space. The latest US employment data isn’t great, which has led the market to bet heavily that the Fed is likely to announce a rate cut as soon as next week. Once rates are cut, money in the market becomes cheaper and more abundant, and this capital often flows into stocks and crypto in search of opportunities, making this the biggest positive catalyst.

With the expectation of rate cuts and various other positives, the market trend may really be changing.
However, this may just be a "technical rebound," and since prices have now reached areas prone to sharp volatility, caution is advised.

Overall, market sentiment is good today, but the core narrative still revolves around waiting for the Fed rate cut. $FF