I just reviewed the crypto market, and there’s quite a bit of interesting movement these days. Bitcoin is hovering around $77,600, up 1.27% over the last 24 hours, and Ethereum is staying close to $2,330 with a +2.12%. These aren’t spectacular numbers, but the trend is still bullish, considering how things are playing out.

What catches my attention is how the crypto market remains tightly linked to what’s happening on Wall Street. The S&P 500 and the Nasdaq broke historical highs not long ago, mainly driven by the tech rally. This has helped sentiment quite a lot. Also, the geopolitical situation, with the extension of the truce, seems to have reduced risk aversion, which typically benefits more volatile assets.

As for specific projects, I saw that CHIP surged by more than 140% on the combined AI + DePIN narrative, along with listings on multiple exchanges. UB also had a strong day, rising more than 43% with volume 5 times higher. Ronin announced its migration to Ethereum L2 and a reduction in inflation, but interestingly, the token fell slightly. Memes on Ethereum are also regaining interest, with tokens like ASTEROID and FLORK moving.

The crypto market Fear and Greed Index went from 32 to 46, so we’re in fear territory but with signs of recovery. Bitcoin continues consolidating above $78,000, although with decreasing volume, which suggests it may need a pullback before continuing. The overall structure remains bullish, but we need to pay attention to the economic data coming in this week.