Matt Mena, cryptocurrency research strategist at 21Shares, said that U.S. stocks have been volatile in the macro uncertainty, while BTC has shown resilience and is defending the 8.4-8 5,000 dollar support area. Nic Puckrin, founder of The Coin Bureau, pointed out that the PCE data released this Friday may cause the Federal Reserve to delay the near-term interest rate cut plan, and Bitcoin is not expected to return to historical highs until the Federal Reserve cuts interest rates again. However, long-term positive catalysts are forming in the crypto market, including the impending confirmation of crypto-friendly Paul Atkins as chairperson of the Securities Exchange Commission, which could unlock Ethereum ETF pledges and approve other digital asset ETFs, as well as proposed US strategic bitcoin reserve legislation expected in May. If formally implemented, bitcoin would be tied with gold as a sovereign-class asset.