Understand today's cryptocurrency market in one minute

The total market capitalization of the cryptocurrency market has decreased by 2.87% in the last 24 hours, remaining in a volatile range. $BTC fell by 3% to $79721, $ETH dropped by 5.95% to $1534, dragging the overall market down. Regulatory dynamics have become the focus: 21Shares applies for a Dogecoin spot ETF, Ripple may reach a settlement with the SEC favorable for $XRP, and the SEC has approved ETH ETF options, while the new chairman's appointment may promote regulatory easing. The CMC trend list shows $BABY surged by 5259.75% due to short-term speculation, but caution is advised regarding the risk of a pullback; $XCN and $AERGO rose by 47.08% and 58.64% respectively, with funds focusing on the infrastructure track. The market is under short-term pressure, but regulatory progress may lay the groundwork for a mid-term rebound, suggesting attention to compliance narratives and undervalued agreements.