The cryptocurrency market is experiencing high-level fluctuations, with Bitcoin consolidating in the range of $108,000 to $110,000, while Ethereum shows stable performance. The market is significantly influenced by macro policies, with U.S. economic data and Federal Reserve movements becoming the focal points.

This week, Trump's statements on cryptocurrency and the signing of an executive order to establish a strategic Bitcoin reserve have impacted Bitcoin price fluctuations, with the market showing a high sensitivity to macro news. At the same time, the decline in Bitcoin prices combined with rising mining costs has put pressure on miner profits, intensifying competition in computing power and presenting new challenges for the mining ecosystem.