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Good morning, the market is still showing relatively strong fluctuations. BTC has returned to around $77,900, up 1.58% in 24h; ETH at $2140, up 1.53%; BNB at 652.6, up 2.15%; SOL at 86.56, up 2.90%. The total market capitalization across the network is about $2.68 trillion, up 1.55% in 24h, with BTC market dominance at 58.25%. There are several interesting points in today's news. SpaceX confirmed in its IPO filing that it holds 18,712 BTC, valued at approximately $1.29 billion at fair value as of the end of Q1. Large companies putting BTC on their balance sheets is a trend that continues. In the US, regulatory groundwork for crypto is also progressing. The Federal Reserve proposed a lighter version of a payment account scheme, allowing non-traditional institutions access to the payment clearing system; the new version of the Parity Act in Congress also brings stablecoin and small payment tax exemption research back to the table. Additionally, custody platform Copper is reportedly seeking a sale of about $500 million, indicating that institutional-grade custody and clearing infrastructure integration is accelerating. My own feeling: the short-term is still risk-on recovery, with the narrative continuing to focus on three main lines: "institutional allocation + regulatory refinement + infrastructure integration." As long as BTC stays above $77,000, sentiment is not bad, but we should also be wary of large IPOs diverting market liquidity.

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Today's market is still weak and sideways. BTC is hovering around 76,700, showing no major drop but also no sign of strengthening. The more realistic situation is: bears haven't continued to push down, bulls haven't taken over, and the market is stuck like this. Among the major coins, ETH, SOL, XRP, and DOGE are mostly drifting down, indicating that risk appetite hasn't returned. Moreover, trading volume has shrunk by over 27%, which looks worse than the price itself. Because a volume-shrinking downtrend is the most frustrating—it won't shock you all at once but will gradually wear down sentiment. Additionally, regulatory pressures are still adding obstacles. Elizabeth Warren continues to attack crypto bank charters like Coinbase and Ripple. Such news may not directly crash the market, but in a weak environment, it acts as negative feedback. So my current view is simple: This is not stabilization, just weak sideways movement. Until clear signs of strengthening appear, don't prematurely interpret sideways trading as an opportunity; it currently looks more like a bottoming phase.

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Today's session isn't strong, but it's a bit steadier than the past two days. BTC is hovering around 76,800, at least it hasn't continued to plunge; ETH and SOL have also seen slight recoveries, but it's not yet a true strengthening. What I think is most worth noting today isn't how much it has risen, but that the market has finally shifted from "pure defense" to "wait and see". Additionally, trading volume has increased by over 48%, which is quite significant. But increased volume doesn't mean the market has started to rally; we still need to see if prices continue to move upward. The current real state of the market looks more like: Bears are taking a breather first, bulls haven't truly taken over yet. So my current view is simple: This is not a confirmed reversal, more like a period of observing a stop in the decline. Next, the key focus is whether BTC can leverage the increased volume to firmly hold above 77,000.

Today's market is still defensive, and it has already started to grind downward. BTC has dropped to around 76,000, ETH is even weaker, and altcoins overall show little desire to counterattack. I think the most frustrating thing now is not a big drop, but this daily pattern of weakening, cooling off, and grinding. In this kind of market, the most common outcome is not opportunity, but misjudgment. Because you always think 'it's about time for a rebound,' but the market just keeps drifting down. The current structure is also very clear: BTC is weak, ETH is weaker, altcoins show no rotation, only TRX, with its old group-holding logic, is still holding strong. This indicates that market funds are still on defense, not on the offense. So my current view is simple: the focus ahead is not on guessing where the biggest rebound will be, but first to see if BTC can hold around 76,000. Short-term remains bearish; in this environment, avoid impulsiveness and wait for confirmation.

🐍 Adu Crypto Daily | 2026.05.18 📊 Market Overview BTC: $76,820 (-1.36%) ETH: $2,116.46 (-2.65%) SOL: $84.90 (-1.24%) BNB: $644.60 (-1.05%) XRP: $1.39 (-1.05%) DOGE: $0.1066 (-1.80%) TRX: $0.3552 (+0.44%) Total Crypto Market Cap: approx. $2.64 trillion 24h Market Cap Change: -1.18% 24h Volume Change: -2.06% BTC Dominance: 58.21% Summary: The market continues to grind lower today, BTC has dropped near 76k, ETH is even weaker, and the market remains in a typical defensive stance. ━━━━━━━━━━━━━ 🔥 Highlights Today 1) BTC continues to fall, 80k is getting further away • BTC at 76,820 • ETH has a larger drop • Major coins overall remain weak Analysis: This indicates the market is not just briefly losing 80k support but is genuinely seeking a new lower equilibrium. 2) ETH looks worse than BTC • ETH dropped 2.65% • Clearly weaker than BTC • This also drags down overall altcoin sentiment Analysis: Weak ETH usually means the market has less patience for risk assets, as it serves as a mid-tier anchor for many mainstream funds. 3) TRX is still stubbornly holding up against the trend • TRX remains one of the few major coins in the green today • Other major coins are mostly retracing Analysis: Those still moving against the trend are the most familiar, tightly-knit, and defensive capital. 4) Total market cap continues to decline, volume shows no clear recovery • Market cap dropped to about 2.64 trillion • Volume remains weak Analysis: This is not a "panic sell-off," but definitely not active bottom-fishing either; more like a slow, steady decline. 5) Market narratives persist, but none can lift sentiment • Decrypt continues covering topics like Trump, Hyperliquid, regulation, and trading structures • Coindesk still faces partial security verification blocks today Analysis: There’s plenty of news, but none can pull the market out of weakness; price action still rules. 6) Defensive style becomes more obvious • BTC weak • ETH weaker • No rotation among altcoins • Only a few old-school coins are holding firm Analysis: This is a typical "everyone’s just trying to survive" market, not an aggressive one. ━━━━━━━━━━━━━ 🧠 Adu Commentary The clearest feeling today is: The market hasn’t fully crashed yet, but it’s very tired. This kind of market is the most frustrating, because it doesn’t crash all at once, but grinds down a little every day, getting weaker and colder. For trading, this environment is easier to cause rash decisions than a sharp crash. In short: short-term remains bearish, the market is still defensive, and the key now is not to guess a rebound but to see if BTC can hold near 76k.

🐍 Adu Crypto Daily | 2026.05.17 📊 Market Overview BTC: $78,154 (-1.00%) ETH: $2,187.87 (-1.56%) SOL: $86.85 (-1.91%) BNB: $654.51 (-1.13%) XRP: $1.42 (-0.53%) DOGE: $0.1098 (-1.58%) TRX: $0.3539 (+0.81%) Total Crypto Market Cap: approx. $2.69 trillion 24h Market Cap Change: -0.97% 24h Volume Change: -28.37% BTC Dominance: 58.25% One-sentence conclusion: The market remains weak today, BTC continues to stay below 80k, major coins generally show little rebound strength, and the market is clearly in a low-volume defensive phase. ━━━━━━━━━━━━━ 🔥 Key Points Today 1) BTC still hasn’t reclaimed 80k • BTC back to 78,154 • ETH, SOL, BNB, DOGE mostly down • XRP fell relatively less • TRX slightly up against the trend Interpretation: This indicates the market is not panic selling but rather a weak, gradual decline with capital contraction and reluctance to take initiative. 2) Volume contraction is more concerning than the drop itself • Total market cap continues to fall • 24h volume dropped over 28% Interpretation: A drop isn’t scary, but no buyers and no activity is problematic. The real issue now is the clear decline in market activity. 3) Major coins are all weak, rotation feeling has disappeared • A few days ago, XRP, DOGE, BNB showed localized strength • Today, none have produced a decent rebound Interpretation: This shows the market is not just undergoing a short-term pullback but risk appetite is cooling down, and participants are playing it safe. 4) TRX is still holding up • Among major coins, TRX is one of the few in the green today • This counter-trend move suggests old money is still clustered around familiar main themes Interpretation: Those moving against the market now are mostly not “new stories” but old logic, old capital, and old clusters. 5) News still noisy but not strong enough to reverse the market • Decrypt continues to report on Trump, Coinbase, Robinhood, mining stocks • Coindesk was partially blocked by security checks today Interpretation: The news flow isn’t empty but lacks strong catalysts to lift market sentiment. 6) The market is more in wait-and-see mode than rushing to pick a direction • BTC can’t hold 80k • No rotation among altcoins • Volume continues to shrink Interpretation: This is a typical “wait and watch” market. Participants aren’t decisively bullish or bearish but are waiting for a clear directional signal. ━━━━━━━━━━━━━ 🧠 Adu’s Commentary To put it simply, today’s market is weak and boring. The worst part isn’t a sharp drop, but a little down, a little volume shrinkage, and some grinding. This kind of market is the least friendly to altcoins, because it offers neither sentiment nor liquidity. In short: short-term remains weak with low-volume defense as the main theme. The focus going forward is whether BTC can reclaim 80k; otherwise, the market will struggle to feel comfortable.