BitMart Market Report: BTC fell back after reaching a high, and the overall market entered a short-term correction phase

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MarsBit
05-13
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Mars Finance News: According to BitMart's market report on May 13, the total market capitalization of cryptocurrencies was $3.27 trillion, a decrease of 2.27% from the previous day. After the joint statement by China and the United States eased trade tensions, BTC rose to around $105,800 before slightly retreating to $102,000. BTC ETF experienced a small outflow of $5.9 million, with the daily inflow significantly decreasing compared to last week. ETH also rose and then fell, finding short-term support in the middle Bollinger Band region, with the ETH/BTC exchange rate slightly declining. The overall market sentiment remains positive, with a comprehensive long-short ratio of 1.22; the Fear and Greed Index is at 71, in the "greed" zone. Altcoins generally declined in the past 24 hours, with the market entering a short-term correction phase.

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