This week, the overall cryptocurrency market showed a trend of oscillating recovery, continuing the volatile upward cycle since last week. Although Bitcoin and Ethereum spot ETFs performed mediocre this week, and the mainstream financial market performed weakly before the US election, the controversy over the Fed's interest rate hike continued, and these factors had a certain impact on the crypto market. But at present, the crypto market remains above $20,000, and the overall market trend has been mainly slightly higher within a week, and the market as a whole remains in a volatile upward cycle. The overall market value of the crypto market rose slightly compared with the same period last week, reaching about $2.14 trillion, down 1.21% in 24 hours, and market sentiment remained around 50.

Compared with last week, the cryptocurrency market remained volatile this week, lacking clear signals of a sharp rise. The price performance of key mainstream currencies fluctuated around multiple key price levels within a week. The rise and fall ratio of mainstream currencies within a week was 9:1. Although the market was weak, there were obvious signs of recovery. The price of Bitcoin returned to above $60,000 again within a week, but the overall fluctuation frequency was high, with a weekly increase of about 6.25%, and the price was around $60,400. Ethereum has risen by about 2.76% in a week and is currently maintained at around $2,613.