🚀Affected by macroeconomic factors, the cryptocurrency market, like traditional markets, fell 0.51% in the past 24 hours to $2.37 trillion. The cryptocurrency market has a high correlation of 77% with the S&P 500 index, indicating that both are quite sensitive to interest rates.
1. Main reasons: The cryptocurrency market fluctuated in line with the weakness of US stocks; macroeconomic uncertainty and pre-market caution both had an impact.
2. Secondary reasons: Slight profit-taking after recent gains, and the CMC fear index remaining at 25 points, indicating continued market risk aversion.
3. Short-term market outlook: If the market remains above $2.33 trillion (50% Fibonacci support level), it may rebound to $2.4 trillion; if it falls below this level, it may fall further to $2.27 trillion.
💥Margin call alert:
In the past 24 hours, a total of 86,988 people across the internet have had their positions liquidated, with a total liquidation amount of $249 million. Long positions were liquidated for $137 million and short positions for $112 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 69,533, down 0.55% in the last 24 hours.
Bitcoin is targeting 70300. If it fails to hold above this level within 1-2 hours, it will likely continue to pull back. Support levels to watch are 68300, 67020, and 65590.
Only if the closing price firmly holds above 70300 can the short-term pullback be considered over, and only then can we look towards the resistance zone of 71730-74040-75500.
2. Ethereum (ETH): Price around 2015, down 1.27% in the last 24 hours.
Ethereum is targeting 2040. If it fails to break above this level, it will likely continue its pullback, with support levels at 1990, 1955, and 1905. Only a close above 2040 will signal the end of the pullback, with resistance levels at 2088, 2150, and 2200.
3. BNB: Price around 639, down 0.72% in the last 24 hours.
BNB's key level is 644. If it fails to break above this level, it will likely continue to pull back, with support levels at 634, 621, and 610. A close above 644 is needed for a stronger move, with resistance levels at 653, 666, and 686.
4. SOL: Price approximately 85, up 0.57% in the last 24 hours.
SOL is currently at 86. If it fails to hold above this level, a pullback is expected, with support levels at 84, 82, and 80. A close above 86 is needed to end the pullback, with resistance levels at 88, 91, and 94.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.37 trillion, and the total trading volume in the past 24 hours is approximately $120 billion.
The current market sentiment is 14 (extreme fear), but it has gradually stabilized. On-chain data is recovering, the fear and greed index is rising, and derivatives are cooling down, indicating that the market is moving from a state of panic to a stage of accumulation. Whether the fear and greed index can stand above 30 in the next 48 hours will be a key signal for the return of market risk appetite.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. PIXEL: Price $0.0096, up 88% in 24 hours.
2. XAI: Price $0.01143, up 23% in 24 hours.
3. ICX: Price $0.424, up 21% in 24 hours.
📉 Top 3 decliners:
1. RESOLV: Price $0.1020, down 24% in 24 hours.
2. SXT: Price $0.0200, down 22% in 24 hours.
3. DEXE: Price $4.199, down 17% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.09178, up 0.05% in the last hour.
Tron (TRX): Price $0.2869, up 0.35% in the last 24 hours.
Cardano (ADA): Price $0.2583, down 0.39% in the last 24 hours.
Hyperliquid (HYPE): Price $34.459, up 1.21% in the last 24 hours.
Avalanche (AVAX): Price $9.51, up 1.39% in the last 24 hours.
Stellar (XLM): Price $0.1560, up 0.45% in the last 24 hours.
Sui (SUI): Price $0.9475, up 0.42% in the last 24 hours.
Chainlink (LINK): Price $8.89, down 1.22% in the last 24 hours.
Hedera (HBAR): Price $0.09415, down 1.33% in the last 24 hours.
Bitcoin Cash (BCH): Price $449.1, up 0.67% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000562, up 1.44% in the last 24 hours.
Litecoin (LTC): Price $53.65, down 0.45% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000327, down 0.91% in the last 24 hours.
Toncoin (TON): Price $1.307, down 2.54% in the last 24 hours.
