10x Research: The Market Faces Multiple Challenges, Sustainability of BTC and ETH Rebounds in Question

According to ChainCatcher, a recent report from 10x Research indicates that the current market is facing challenges such as compressed volatility, seasonal weakness, and a lack of macroeconomic drivers, casting doubt on the sustainability of this rebound.

Trump's recent moves to expand 401(k) access to cryptocurrencies and to promote interest in gold could potentially shift market sentiment, but so far the market response has been relatively muted. Meanwhile, although Ethereum has shown record-breaking address activity and price increases, these are driven more by narrative than by fundamentals. Both assets are at critical technical thresholds, and future momentum could either accelerate or stall significantly.