Crypto Market Weekly Report: The cryptocurrency market is in a volatile upward trend this week, with the market sentiment index dropping to 14.9%, entering the fear stage. The DeFi ecosystem maintains growth momentum with an increase in the DeFi TVL and stablecoin market expansion. Meme coins led the gains, while Layer2 and GameFi were the weakest performers.
The U.S. election and the Federal Reserve’s interest rate meeting are approaching, causing market volatility. Capital flows show new characteristics with DeFi projects attracting inflows and the stablecoin market share structure changing. The market is currently in a neutral stage, and investors should adopt a cautious strategy to avoid short-term extreme prices.
