Recently, the Crypto Assets market has shown a complex situation. Bitcoin has rebounded, but the strength is not strong enough to break through the important resistance level above, only forming a secondary high before falling back. Nonetheless, market sentiment has stabilized.

Ethereum's performance has been relatively more impressive, with prices nearing $3700. BlackRock has recently accelerated its accumulation of Ethereum, coupled with expectations for future staking ETFs, which has allowed Ethereum to maintain a strong momentum.

However, the challenge faced by the altcoin market is considerable. During this market cycle, liquidity has not been effectively injected into the altcoin market. Each time the market experiences a correction, some funds permanently exit, leading to a continuous decline in the prices of most altcoins.

It is worth noting that the cryptocurrency mining company American Bitcoin, associated with Trump, is preparing for a Nasdaq listing, and shareholders have begun voting on the merger proposal.

From a broader perspective, the stock prices of major publicly traded Bitcoin mining companies have not yet surpassed the historical highs of 2021, which may suggest that the current market cycle still has room for a Rebound.

In terms of macroeconomics, the CME FedWatch Tool shows that the market expects a 93.6% probability of the Federal Reserve lowering interest rates by 25 basis points in September, which may have an impact on the Crypto Assets market.

Overall, the Crypto Assets market shows a divergent trend, with Bitcoin and Ethereum relatively stable, while the altcoin market faces greater pressure. Investors need to closely monitor market movements and changes in macroeconomic policies, responding cautiously to market fluctuations.