The cryptocurrency market has experienced a certain degree of recovery this week. Following the sharp market fluctuations last week, the overall market this week was dominated by small fluctuations, and the market value has rebounded. The spot ETFs of Bitcoin and Ethereum showed a positive inflow trend this week, and the improvement of the external market environment has brought positive impacts to the crypto market. At present, the cryptocurrency market is stable above $20,000, maintaining a volatile cycle. The overall market value is similar to the same period last week, remaining at around $2.09 trillion, down 0.34% in 24 hours, and the market sentiment index remains around 43.

This week, the trend of key mainstream currencies showed continuous ups and downs, but lacked clear up and down momentum. It is expected that this volatile cycle will continue. Compared with last week, the market has experienced a significant recovery after the 805 incident. The ups and downs of mainstream currencies in a week are 3:7, and the overall market is still in a volatile state. Bitcoin has touched the key price of $60,000 several times in a week. The current price is around $57,862, a weekly drop of about 2.8%. Ethereum fell by about 1.14% in a week, and the price remained around $2,560.

Although the overall market performance is mediocre, some currencies such as ZEC show a good upward trend, with a 7-day increase of 22.12%, and the current price remains at around $41.5.

Looking ahead to this weekend, the cryptocurrency market is expected to continue to fluctuate, but the overall volatility will remain within a small range.