The recent cryptocurrency market has been quite steady, driven by improvements in the macro environment. Looking at last week's market, since the news of easing geopolitical tensions and Trump extending the ceasefire, the overall U.S. stock market has been on an upward trend. The S&P 500 and Nasdaq hit new all-time highs, and the crypto asset market also followed suit, with BTC rising close to $79,000. However, it seems to be facing resistance, currently trading in the $77,000 range. Trading volume is somewhat decreasing, but I think the overall structure is still good.

The commodity market has also seen movement, with gold rising over 1% and WTI crude oil futures increasing by more than 3%. In such an environment, cryptocurrencies tend to experience buying pressure.

Attention is also on project developments. CHIP, with its AI and DePIN narrative, was listed on multiple exchanges and recorded over 140% increase in a single day. UB also saw short-term speculative activity, with trading volume increasing more than fivefold. Pieverse gained over 24% on news of listing on a Korean exchange and AI-related discussions. RON experienced a slight decline of 0.2% after news that Ronin is migrating to Ethereum Layer 2.

Interestingly, meme-related tokens on the Ethereum mainnet are once again attracting attention, with market caps of tokens like ASTEROID, FLORK, and MAGA surging rapidly. These short-term speculative moves are also characteristic of the crypto market.

Currently, the Fear and Greed Index has risen to 46, indicating improving market sentiment. However, short-term adjustments could still occur, so confirming support levels will be important.