The cryptocurrency market has exhibited significant volatility recently. The price of Bitcoin (BTC) fell below $90,000, bringing panic to the market, while Ethereum (ETH) also fell to the $3,100 mark, reflecting the pressure on the overall market. Driven by specific news, tokens like XRP have rebounded as whale holders’ increased holdings pushed XRP past a three-year high. The regulatory dynamics of the U.S. government have an impact on market sentiment, especially the discussions on cryptocurrency policy and immigration issues promoted during Trump’s term. Although the cryptocurrency market is under certain pressure, MicroStrategy's Bitcoin reserves can compete with well-known companies such as IBM and Nike, showing institutional investors' firm belief in Bitcoin. In terms of liquidity, the 50 million POL transferred from Polygon to Binance shows that market activity still exists. In addition, trading platforms such as Coinbase and Robinhood have entered the top ten of Apple’s App Store, once again reflecting users’ enthusiasm for crypto. Overall, the current cryptocurrency market is affected by multiple factors, and prices fluctuate significantly. The market needs to pay close attention to policy changes and key data in order to grasp future trends. The current market trend is generally weak, and we need to be alert to the risk of further price declines.