Here is the English translation:
Extended Cryptocurrency Market Overview: Macro Factors, Institutional Capital, and Key Trends
1. General Market State and Macroeconomic Context
Market Capitalization and Volumes: Total crypto market capitalization fluctuates between $2.6T – $2.9T .
Fed Impact and Interest Rates: The market actively reacts to US Federal Reserve meetings. Following a moderate rate cut by the regulator, the market entered a consolidation phase, as high inflation and cautious central bank rhetoric prevent a rapid recovery.
Bitcoin Dominance (BTC Dominance): Remains high at around 57% – 60% . This indicates that capital is concentrating in the safest asset, while "Altcoin Season" remains selective and point-specific.
2. Key Coins and Technical Zones
Bitcoin (BTC):
Trading in the $76,000 – $78,000 range.
Support: $73,600 – $75,800.
Resistance: $77,100 – $80,000.
Spot ETFs and institutional accumulation remain the main drivers, though significant daily ETF outflows periodically trigger local corrections.
Ethereum (ETH):
Ranges between $2,400 – $2,500 .
Currently lags behind BTC in recovery pace. The main pressure stems from competition with L2 networks (Base, Arbitrum, Optimism) and Solana in DEX sectors and retail transaction volume.
Solana (SOL) and Layer-1 Networks:
Solana maintains leadership in decentralized exchange (DEX) trading volume with a market share of over 30%.
Other L1s (BNB, XRP, AVAX) display stability, reacting primarily to ecosystem update announcements.
3. Major Trends
Real-World Asset Tokenization (RWA): The tokenized treasury, fund, and commodities sector is growing rapidly. Institutions are transferring liquidity on-chain through RWA protocols.
Perp DEX and Hyperliquid: The decentralized perpetual futures market is actively displacing traditional CEXs in the derivatives segment, expanding into tokenized equities and commodities.
Regulatory Clarity: Legislative initiatives regarding digital assets and stablecoins in the US and EU are creating clearer conditions to attract banking capital.