Crypto Assets Market Weekly Report

BTC and ETH Market Trends

Bitcoin has recently shown a high-level fluctuation trend, with both bulls and bears in a stalemate. Investors should closely monitor the stability of the support level at 116,500 USDT, as well as the breakthrough situation in the resistance range of 118,500-119,000 USDT. Changes in trading volume will also be an important indicator for judging the future market direction.

Ethereum continues its strong upward trend, climbing from around $3,400 to a high of $3,780. Although it is still in an upward channel, there is some pressure around the $3,780 mark. If it can break through this level with volume, it is expected to initiate a new round of upward momentum.

Performance of Popular Coins

This week, Ethereum, Dogecoin, Shiba Inu, ChainLink, and Floki performed remarkably. Among them, Ethereum increased by 25.3%, reaching a peak of 3819.4 USDT. Dogecoin surged by 32.55%, with a 24-hour trading volume of up to 22.04 billion USDT. Shiba Inu, ChainLink, and Floki rose by 14.08%, 3.8%, and 4.09%, respectively.

Overview of the US Stock Market

U.S. stock futures rose slightly, with strong earnings reports from tech giants like Tesla and Alphabet. Last week, the Nasdaq and S&P 500 indexes hit new highs driven by positive economic data and favorable news regarding AI chips.

Important Events

• The Chairman of the Federal Reserve will speak at the regulatory meeting.
• The White House Digital Asset Working Group is about to release its first Crypto Assets policy report.
• The U.S. government plans to promote the development of artificial intelligence.

Projects Worth Noting

Conflux (CFX) is performing outstandingly, soaring 88.52% within 24 hours. Benefiting from the upcoming launch of public chain 3.0 and participation in the offshore RMB stablecoin pilot, CFX rapidly increased from 0.12 USDT to 0.25 USDT, with trading volume significantly expanding.

Multiple projects are about to welcome token unlocks, including Avail, SOON, Venom, AltLayer, and Sahara AI. Investors need to pay attention to the potential impact of the unlocks on the market.