TechFlame news, on August 8, 10x Research released a report analyzing that the current market is facing challenges of reducing volatility, seasonal weakness, and lack of macro drivers, making the continuation of this round of rebound questionable.

Trump's recent move to expand 401 (k) account access to cryptocurrencies and boost focus on gold may change market sentiment, but the market reaction is currently lackluster. Meanwhile, while Ethereum has shown record address activity and price increases, it

is more narrative driven than fundamental support behind it.