🚀The cryptocurrency market fell 1.36% in the past 24 hours. This decline was mainly due to safe-haven selling triggered by increased geopolitical and macroeconomic uncertainty. The cumulative decline this week reached 6.7%, further solidifying the short-term downtrend. The main reasons for the decline are:
1. Macroeconomic concerns – Trump’s tariff threats and the impending shutdown risk have spooked investors, leading to a sell-off of risky assets.
2. Leveraged liquidation – The plunge in Bitcoin prices led to the liquidation of $154.87 million worth of long positions, creating widespread selling pressure in the market.
3. Technical support level collapse – Key support levels are broken, momentum indicators show a downward trend, and selling pressure increases.
💥Margin call alert:
In the past 24 hours, a total of 198,976 people across the internet have been liquidated, with a total of $675 million. Among them, long positions suffered a bloodbath ($604 million), and short positions were not spared either ($70.7783 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately $87,979, down 0.91% in the last 24 hours.
Today, keep a close eye on the 87,000 level. As long as it doesn't break below this level on the 1-hour chart, the rebound can continue. The next resistance levels to watch are 88,000, 89,300, and 90,400.
However, if the price falls below 87,000 and fails to recover, this rebound may be over. Support levels to watch are around 86,050, 85,060, and 83,780.
2. Ethereum (ETH): Price around 2882, down 1.93% in the last 24 hours.
Ethereum is focused on the 2840 level. If it holds above this level on the 1-hour chart, the rebound will continue. The next resistance levels to watch are around 2898, 2945, and 2980.
If the price falls below 2840 and fails to recover, the rebound will come to an end, and the next support levels to watch are 2784, 2720, and 2670.
3. BNB: Price around 872, down 0.90% in the last 24 hours.
Today, we're watching the 867 level for BBIN. If it doesn't break through on the 1-hour chart, the rebound is still underway. The resistance levels to watch are 876, 888, and 898.
If the price falls below 867 and fails to recover, the rebound may weaken, with support levels around 856, 847, and 838.
4. SOL: Price around 122, down 3.12% in 24 hours.
Sol is keeping an eye on the key level of 120. If it holds above this level on the 1-hour chart, the rebound is likely to continue. The resistance levels to watch are 124, 127, and 129.
If the 120 level is breached and not recovered, the rebound may pause. Support levels to watch are around 117, 115, and 112.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.04 trillion, and the total trading volume in the past 24 hours is approximately $120 billion.
Current market sentiment is 19 (extreme fear), indicating a pessimistic outlook compounded by weakening technical indicators. However, the RSI is already oversold, suggesting that the short-term sell-off may have gone too far. The price action around the key liquidity level of 86,000 for Bitcoin needs close monitoring, as it will determine whether it stabilizes and rebounds or continues to decline.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. Auction: Price $7.22, up 35% in 24 hours.
2. ZKC: Price $0.1563, up 25% in 24 hours.
3. BANK: Price $0.0531, up 13% in 24 hours.
📉 Top 3 decliners:
1. ENSO: Price $1.419, down 33% in 24 hours.
2. SOMI: Price $0.2377, down 32% in 24 hours.
3. WCT: Price $0.0801, down 24% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.12147, down 1.44% in the last hour.
Tron (TRX): Price $0.2973, up 0.44% in the last 24 hours.
Cardano (ADA): Price $0.3471, down 2.66% in the last 24 hours.
Hyperliquid (HYPE): Price $22.088, down 3.62% in the last 24 hours.
Avalanche (AVAX): Price $11.62, down 2.93% in the last 24 hours.
Stellar (XLM): Price $0.2069, down 1.52% in the last 24 hours.
Sui (SUI): Price $1.4448, down 2.37% in the last 24 hours.
Chainlink (LINK): Price $11.79, down 2.48% in the last 24 hours.
Hedera (HBAR): Price $0.10555, down 1.31% in the last 24 hours.
Bitcoin Cash (BCH): Price $578.1, down 2.53% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000767, down 1.54% in the last 24 hours.
Litecoin (LTC): Price $67.76, down 1.25% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000483, down 2.82% in the last 24 hours.
Toncoin (TON): Price $1.522, down 1.30% in the last 24 hours.
