The recent dynamics of the cryptocurrency market are worth paying attention to. Various forces have used blockchain technology to promote the development of the digital economy. For example, PwC and NTT Digital have joined hands to develop digital public products. Central banks and governments of several countries are also exploring the possibility of local cryptocurrency exchanges, which shows that the global financial system is moving towards digitalization. Arthur Hayes pointed out that if the fiat currency system collapses, a sharp increase in demand for Bitcoin may trigger a surge in prices. In addition, the frequent movements of whales, 394 BTC transferred to Binance from one address show the market activity. At the same time, despite the pressure of option delivery, the market still maintains a certain stability. However, trader Ansem is considering exiting the market due to a large loss last month, highlighting the investment risks and volatility. The voice from the IMF shows that countries continue to increase their scrutiny of encryption. On the whole, the current cryptocurrency market is struggling, investor confidence is gradually being tested, and there is still uncertainty in the market trend in the short term. Overall, the cryptocurrency market is in a stage of shock adjustment.