Damn, the crypto market that’s about to rise is really nerve-wracking. Last week, after the incident in Iran, Bitcoin shot up from $64,000 to $66,843 in a day. The news of Iran’s leader’s death apparently made traders think the conflict would end quickly, so everyone jumped back into the market.

Solana is the main star, rising nearly 11% to $84.21 (latest data). Ether is also solid, up 7.5% and now at $2.23K—close to $2,000 again. Cardano, Dogecoin, XRP, and BNB all also rose, but not as much as Solana. Looking at the weekly performance, Bitcoin is still down 1.6%, XRP down 2%, Dogecoin down 2.5%. Only Solana and Ether managed to turn green this week. So basically, the cryptocurrencies that will rise are Solana and Ether, while the others still depend on momentum.

But honestly, this week’s rally is pretty fragile. Saturday’s sell-off happened during thin liquidity, then the Sunday rally also occurred with thin liquidity, just in different directions. Seriously, what will determine whether this rebound holds or not is when the stock and oil markets reopen. If stocks crash and oil jumps, crypto optimism could disappear just like that.

There’s one interesting thing—Polymarket gives a 78% chance of a ceasefire before April 30. If that happens and institutional capital flows into the active traditional markets, these cryptocurrencies that are about to rise could continue their momentum. But if not, we might see a pretty significant pullback. So right now, it’s still a wait-and-see situation. Thin liquidity plus volatile global news make every move feel like walking on thin ice. The key is to stay cautious and watch the traditional market reactions first before making big decisions.