Last week, there was quite a lot of activity in the coin market. Due to macroeconomic news, Bitcoin has been experiencing volatility, especially as geopolitical tensions around the Hormuz Strait have increased.

Currently, some interesting things are happening in the coin market. Bitcoin is trading around $77.80K, while Ethereum is at $2.32K. Both have slightly declined in the past 24 hours. Bitcoin’s dominance is around 57%, which remains quite strong.

I am seeing some interesting activity in the meme sector. BLUR was up 22% last week but is now down 3.21%. Old names like BOME and NEIRO are also under pressure. ASTEROID had a great start when Elon Musk approved it as SpaceX’s mascot, but now it’s down 14.51%.

A concerning point was that RAVE dropped 96% when some exchanges and on-chain analysts started investigating market manipulation. AAVE is also under pressure due to misuse by KelpDAO, although it is currently up 0.08%.

On a macro level, negotiations are ongoing for a ceasefire between the US and Iran. Tensions are high on both sides regarding the Hormuz Strait, affecting crude oil prices. All of this is also impacting the coin market.

In the coming days, some significant events are expected. The Tennessee Bitcoin Reserve Bill is being heard in the Senate, which could be positive for Bitcoin. Additionally, the Hong Kong Web3 Carnival is underway, where several major announcements may be made.

Regarding token unlocks, both ZRO and KAITO are unlocking, which could create some pressure. The Polymarket V2 upgrade is also coming. All in all, the next few days will be very important for the coin market. The market is currently news-driven, so paying attention to every update is essential.