This week, the cryptocurrency market experienced a fluctuation of rising first and then falling, and the overall market volume did not change much. Mainstream cryptocurrencies generally showed a fluctuating downward trend after reaching their intra-week highs. The continuous outflow of spot ETF funds, coupled with the impact of mainstream financial markets and the Fed's policies, has led to the failure of the market's recovery trend to continue, and the overall market continues to decline.

At present, the total market value of the cryptocurrency market has fallen slightly to 2.26 trillion US dollars, a drop of 5.03% in 24 hours, and the market sentiment has stabilized at around 57, which has not changed much compared with last week. The trend of mainstream currencies this week is mainly rising first and then falling, and the market may continue to maintain this trend in the short term.

Specifically, after the price of BTC rose at the beginning of the week, it fell below $63,000 at the weekend, with a weekly drop of about 3.03%. ETH performed relatively well, with a weekly drop of about 1.47%, and the price remained around $3,088. Although some currencies such as AIOZ have risen slightly this week, the overall market has fallen significantly.

Looking ahead to this weekend, the cryptocurrency market may continue to face downward pressure, but the downward trend is expected to ease.