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The cryptocurrency market continued yesterday's pullback today, but showed signs of stabilization, mainly influenced by the lingering signals of the Federal Reserve's hawkish stance, coupled with AI technology stocks dragging down risk sentiment. Bitcoin (BTC) briefly rebounded to around $91K and then fluctuated, with the total market value rising by 0.5% to $3.18 trillion. Ethereum (ETH) holds the 3K USD mark.
1: Macro and Price Dynamics
Market stabilizes and rebounds: BTC rebounded 1.2% after hitting a low of $89K in early trading today, and now stands at $91200; ETH rose 0.8% to $3050. The L2 token has increased by over 3%, benefiting from the expected upgrade of Ethereum Pectra. The overall 97/100 major currencies have stopped falling, and trading volume has rebounded to 162 billion US dollars. The Fear&Greek index has risen to 28/100 (fear zone).
The aftermath of the Federal Reserve continues: Powell's "zero interest rate cut in 2026" remarks fermented yesterday, and institutions lowered their BTC year-end target to $100000. The Norwegian central bank has made it clear today that it does not recommend the launch of a digital currency to strengthen risk aversion.
2. Institutional and ETF dynamics: ETF inflows have slowed down but are positive: BTC ETF had a net inflow of $85 million today, ETH ETF received $32 million, and total holdings reached $13 billion. Institutional interest in ETH ETFs is increasing.
3: US policy loosening: SEC chairman predicts that the entire US financial market will shift to blockchain within two years; Trump nominates pro crypto Paul Atkins as SEC chairman, SAB121 ban or repeal. The clock for the Democratic encryption bill is tight and may be delayed until 2026.
The market remains cautious in the short term, but Solana Conference and institutional inflows provide support.
Pay attention to the core support level of ETH3170 BTC89000, target weekly EMA50 BTC100K ETH3.65K
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent AiCoin's position or viewpoint. The market is risky and investments should be made with caution