Amid the current turmoil in the crypto assets market, August 23 has become a critical moment of close attention for investors. Major crypto assets such as Bitcoin and Ethereum are showing different market performances, while the market also has to cope with uncertainties from regulatory authorities.

The recent trend of Bitcoin has been quite dramatic. After experiencing a false breakout at the bottom, the price quickly rebounded. This false breakout triggered a large number of stop-loss orders, and the subsequent rapid rebound caught many investors off guard. Although the speech of the Federal Reserve Chairman signaled a possible adjustment of policies, the market still needs time to digest various macroeconomic factors. From a technical analysis perspective, Bitcoin is currently in a critical stage of the tug-of-war between bulls and bears, and the long-term trend is yet to be further confirmed.

Meanwhile, the performance of Ethereum is remarkable, reaching a new high after four years. This wave of increase is mainly driven by spot buying, reflecting the market's long-term confidence in the Ethereum ecosystem. However, the market reaction may be excessive, leading to a rapid rise in price to the current high. During the weekend, the Ethereum market mainly focused on liquidity accumulation and technical indicator adjustments. With the continuous progress of the Ethereum 2.0 upgrade, its application prospects in areas such as smart contracts and decentralized finance (DeFi) are broad, making its long-term value worth following.

In the face of the current complex and volatile market environment, investors need to remain rational and avoid blindly chasing highs. The market still requires time to digest various uncertainties, including changes in regulatory policies and the global economic situation. For long-term investors, it may be more important to focus on the fundamental developments and technological innovations of Crypto Assets. As the Crypto Assets market continues to mature, its position in the global financial system may be further solidified, but short-term volatility remains unavoidable.