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BTC briefly dipped below $80,000 after the CPI data was released, but quickly rebounded, with the entire crypto market maintaining a high volatility trend. Meanwhile, some popular tokens have seen significant pullbacks, and market differentiation remains evident.
BTC took a dip before bouncing back
Last week, Bitcoin surged close to $83,000, but then it pulled back continuously, hitting a low around $79,100. Coming into this week, BTC has reclaimed the $80,000 mark, but the market is still experiencing wild fluctuations.
On Monday, after the US stock market opened, we saw some noticeable volatility again. BTC first dropped from around $81,500 to $80,250, and then due to news related to the Middle East, it quickly shot up to $82,500. However, market sentiment changed rapidly, and the price soon gave back those gains.

The crypto market over the past couple of days has been in this state of 'can't break through, but also not crashing hard.'
BTC attempted to break through $82,000 again, but couldn't hold it and was quickly pushed back down.
On the other hand, Pi Network's PI token has been struggling lately—it's not just been on a downtrend, but its market cap has dropped out of the top 50.

First looking at BTC: $82,000 still can’t be breached.

Bitcoin has actually been repeating the same rhythm these past few days:
Spike → Rejection → Pullback → Bounce.
BTC previously surged to around $82,500, but every time it hits above $82,000, the sell pressure noticeably increases.

PEPE has started to gain traction again.
Despite increased volatility in the entire Meme coin market, PEPE has bucked the trend and surged over the last couple of days, bringing the price back to around $0.00000431, with a daily increase close to 3%.
Currently, PEPE's market cap has returned to $1.39 billion, with a 24-hour trading volume exceeding $320 million, indicating a noticeable uptick in market activity.

Why did PEPE suddenly pump again?

Recently, the movement of PEPE is mainly driven by a resurgence in market sentiment.
From a technical standpoint: PEPE has established a significant support level around $0.00000426.
The short-term resistance above is located near $0.00000445.

Recently, Ethereum (ETH) has been somewhat 'stuck'.
The price is bouncing back, but it hasn't really gained strength; on one hand, the market is trying to recover, while on the other, big players are continuously offloading.
Whales are 'retreating,' that's the biggest shift.
First, let's check the on-chain data.
Whales holding 1000 to 10000 ETH were significantly accumulating last year, even adding to their positions before the market peak.
However, things changed after October: total holdings have decreased by about 21%.
In other words, this batch of 'smart money' is consistently reducing their positions and exiting.

This kind of move usually indicates: they're not as confident about the upside potential anymore.

The volatility of SIREN over the past couple of days is getting more and more 'exciting'.
On May 8th, SIREN skyrocketed over 22% on the Binance futures market, reaching a peak price of $1.29, with trading volume surging to 139 million tokens, clearly heating up the market.
But the issue is: right after the price spiked, selling pressure appeared immediately.
First, let's check out what's happening in the market.
After SIREN hit the $1.22–$1.29 range, we saw a clear high-to-low reversal on the 4-hour chart.

The latest candlestick shows a sharp pullback from the highs, indicating that sellers have started to concentrate up top.
In simple terms: some capital has started to cash out profits at these highs.

This market cycle, to put it simply, is all about: the main market holding steady while altcoins start to pump hard.
Let's first take a look at Bitcoin.
BTC just surged past $82,000, hitting a new three-month high. Although this level has some resistance, overall it's still consolidating near the highs.
Looking back at the price action over the last few days, it’s been quite thrilling:
Earlier, it got pushed back at $79,500.
At one point, it dipped below $75,000.
But then it rebounded strongly, reclaiming all the lost ground.
Since Monday, when it reclaimed $80,000, the bulls have basically held strong, pushing it all the way to the current $82,000.

The market these past couple of days can be summed up in one sentence: up and down wash, whoever's using leverage is feeling the pain.
The Fed's interest rate decision this time didn't exceed expectations, but the market still experienced a dramatic fluctuation of 'first down, then up.'
BTC first dropped then pulled back, with $75,000 being the key level.
First, let's look at Bitcoin.
At the start of the week, it was actually pretty strong, briefly spiking to nearly $79,500, but it got pushed back down quickly.
The rhythm going forward basically looks like this: a continuous downward shake → breaking below $76,000 → another drop after the FOMC lands.
The lowest hit close to $75,000.
But it didn't crash: it quickly rebounded by about $1,000.

Recently, there’s been quite a buzz in the crypto space — a ‘meme coin dinner’ related to Trump has sent the crypto market into a frenzy.
A dinner event, why is it blowing up like this?

The crux of the matter isn’t just the dinner itself, but the underlying game plan behind it.
Media reports reveal that three U.S. senators have begun looking into this.
The key issue is — does this event qualify as ‘paid participation’?
Simply put: is it about holding a particular token to gain entry?
And ultimately, those funds are funneled to a select few.
That’s also where the most skepticism from outsiders lies.

The price action of Dogecoin over the last few months can be summed up in one word: sideways.
Currently, $DOGE Dogecoin is ranging around $0.094, and it has pretty much stuck within this channel since January, neither pumping nor dumping significantly.
The ETF hasn’t brought in new liquidity; in fact, it feels like it’s holding us back a bit.

Initially, the market had high hopes for a spot DOGE ETF — the logic is simple: let Wall Street money flow into Dogecoin.
Moreover, in terms of application numbers, DOGE is even getting more attention than Avalanche, Polkadot, and Hedera, which are seen as 'utility projects'.
Entities like Grayscale, 21Shares, and Bitwise have all launched related ETFs.

Today's market can be described as a clear day of recovery.
Bitcoin is rallying strongly, reclaiming the $78,000 level, while altcoins are also starting to pump, with several tokens seeing double-digit gains.
BTC is gaining strength again, hitting a new short-term high.
Bitcoin surged to a high of about $78,500, setting a new peak since early February this year.
Currently, the price is oscillating around $78,000:
Up about 2.5% in the last 24 hours.
Up about 6% over the past week.
Overall, this wave is part of a sustained rebound followed by further bullish momentum.

As the price rises, Bitcoin's total market cap has surpassed $1.56 trillion, maintaining a stable market share of around 57.8%, with its dominant position showing little change.