Good morning, the market is still oscillating on the stronger side.

BTC has returned to around $77.9k, up 1.58% in 24 hours; ETH at $2,140, +1.53%; BNB at 652.6, +2.15%; SOL at 86.56, +2.90%.
The total market capitalization of the entire network is about $2.68 trillion, up 1.55% in 24 hours; BTC's market share is 58.25%.
There are a few interesting points in the news today.
SpaceX confirmed in its IPO filing that it holds 18,712 BTC, valued at approximately $1.29 billion at the end of Q1 fair value. Large companies are adding BTC to their balance sheets, and this trend continues.
The U.S. is also continuing to develop regulatory frameworks for crypto. The Federal Reserve proposed a lighter version of a payment account plan, leaving an opening for non-traditional institutions to access the payment clearing system; the new Parity Act in Congress also reintroduced research on stablecoins and small-value payment tax exemptions.
Additionally, custody platform Copper was reported to be seeking about $500 million in a sale, indicating that institutional-grade custody and clearing infrastructure integration is still accelerating.
My personal feeling: in the short term, it’s still risk-on recovery, with the narrative continuing to focus on “institutional allocation + regulatory refinement + infrastructure integration” as the three main themes.
As long as BTC stays above $77k, market sentiment isn’t bad, but we should also watch out for large IPOs diverting market liquidity.