🚀In the past 24 hours, the cryptocurrency market fell 0.9%, shrinking its market capitalization to $2.98 trillion. The crypto market is facing pressure from both rising gold prices and internal selling; its ability to break free from traditional macroeconomic trends and establish an independent trajectory is crucial. Detailed reasons for the decline:
1. Main reason: Because cryptocurrency prices and gold prices have an inverse relationship, funds are flowing out of the cryptocurrency market.
2. Secondary reason: The unlocking and airdrop of some Altcoin led to increased selling pressure.
3. Short-term outlook: If the market can hold key support levels, it may recover; the meeting on February 2 may influence market perception of the Clarity Act.
💥Margin call alert:
In the past 24 hours, a total of 118,614 people across the internet have been liquidated, with a total of $344 million. Among them, long positions suffered a bloodbath ($233 million), and short positions were not spared either ($111 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 88,249, down 1.13% in the last 24 hours.
Today's rebound should focus on 88715. If it holds above this level, a 1-hour rebound will begin. The resistance levels above are 89440, 90500, and 91600.
If it fails to hold, the rebound will be weak and a pullback is likely. First, watch the previous low of 87700. If it doesn't break, there may be a small rebound. If it breaks, watch the support levels at 86960, 86050, and 85060.
2. Ethereum (ETH): Price around 2954, down 1.91% in the last 24 hours.
Today's rebound should focus on 2990. If it holds, a 1-hour level rebound can begin. The resistance levels are 3035, 3070, and 3110.
If it fails to hold, the rebound will be weak and a pullback is expected. The first support level to watch is the previous low of 2943. If it holds, there will be a small rebound. If it breaks, the next support levels to watch are 2898, 2840, and 2784.
3. BNB: Price around 900, down 0.17% in the last 24 hours.
Today's rebound should focus on 902. If it holds, a 1-hour level rebound will begin. The resistance levels are 909, 918, and 929.
If it fails to hold, the rebound will be weak, and the next support levels to watch are 891, 879, and 869.
4. SOL: Price around 123, down 3.01% in 24 hours.
Today's rebound should focus on 125. If it holds, a 1-hour level rebound can begin. The resistance levels are 127, 129, and 132.
If it fails to hold, the rebound will be weak and a pullback is likely. First, watch the previous low of 122. If it doesn't break, there may still be a small rebound. If it breaks, watch the support levels at 120, 117, and 115.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.07 trillion, and the total trading volume in the past 24 hours is approximately $123 billion.
The current market sentiment is 25 (fear), indicating cautious and highly divided market sentiment with a strong risk-averse atmosphere. Social media is also grappling with regulatory and technical risks, and deleveraging in derivatives may increase volatility. The key focus in the next 24-48 hours will be Bitcoin's performance around the $90,000 mark. A significant drop would confirm technical warnings and exacerbate market panic.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. SYN: Price $0.0716, up 40% in 24 hours.
2. HOLO: Price $0.0788, up 14% in 24 hours.
3. WLD: Price $0.5153, up 12% in 24 hours.
📉 Top 3 decliners:
1. RESOLV: Price $0.0853, down 29% in 24 hours.
2. FOGO: Price $0.03938, down 16% in 24 hours.
3. ROSE: Price $0.01906, down 14% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.12198, down 2.62% in the last hour.
Tron (TRX): Price $0.2952, up 0.65% in the last 24 hours.
Cardano (ADA): Price $0.3514, down 1.76% in the last 24 hours.
Hyperliquid (HYPE): Price $32.848, down 3.18% in the last 24 hours.
Avalanche (AVAX): Price $11.82, down 2.56% in the last 24 hours.
Stellar (XLM): Price $0.2068, down 1.19% in the last 24 hours.
Sui (SUI): Price $1.3660, down 4.98% in the last 24 hours.
Chainlink (LINK): Price $11.62, down 2.52% in the last 24 hours.
Hedera (HBAR): Price $0.10443, down 2.85% in the last 24 hours.
Bitcoin Cash (BCH): Price $580.1, down 2.44% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000761, down 2.19% in the last 24 hours.
Litecoin (LTC): Price $68.17, down 2.29% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000483, down 4.17% in the last 24 hours.
Toncoin (TON): Price $1.507, down 1.05% in the last 24 hours.
