#加密行情震荡 Amid short-term volatility, the crypto industry has welcomed a milestone positive development, and the long-term growth logic remains intact. The U.S. SEC has officially approved Nasdaq's tokenized securities pilot proposal, allowing tokenized versions of stocks and other securities to trade on the same exchange with traditional securities at identical prices and with identical rights, with the Depository Trust & Clearing Corporation (DTCC) handling settlement. This is a crucial step for blockchain asset tokenization to integrate into mainstream U.S. financial markets, signifying that the real-world assets (RWA) sector has received official regulatory recognition, opening larger application space and institutional funding channels for the industry.

Short-term market volatility will not change the major trend of blockchain technology integrating with traditional finance.
How to view the subsequent market?
Focus on support in the short term, focus on core logic in the long term.
Combining macro, technical, and geopolitical dimensions, key signals to watch in the subsequent market movements include:
Short-term support floor: Crypto's total market cap needs to hold above $2.37 trillion, and Bitcoin needs to maintain its $70,000 level. These are core indicators to judge whether short-term adjustments are complete. If stabilization holds, the market may gradually digest the negative catalysts and repair toward a $2.5 trillion total market cap; if prices continue to break lower, heightened vigilance is warranted for further downside risks.
Core influencing factors:
Subsequent U.S. inflation data, Federal Reserve policy statements, and U.S.-Iran conflict developments will continue to dominate short-term market sentiment and remain key variables affecting price action.
Long-term trend assessment:
The major direction of tokenization compliance, institutional capital inflows, and regulatory framework improvement remains unchanged. This round of decline represents normal market volatility, not a reversal of industry fundamentals.
Approach volatility rationally. The crypto market itself carries the characteristics of high volatility and high risk; macro data, geopolitical events, and technical indicators will all create short-term market disruptions. For market participants, there is no need to panic excessively over short-term pullbacks, nor should one blindly chase rallies or panic sell.