🚀The cryptocurrency market fell 1.57% in the past 24 hours. The market has a correlation of up to 82% with the S&P 500, indicating that its movements are driven by interest rates and liquidity.
1. Main reason: After the negotiations failed, geopolitical risks increased, exacerbating concerns about inflation and leading to a widespread sell-off of risky assets.
2. Secondary factors: The liquidation of $85.79 million worth of Bitcoin long positions and extremely pessimistic market sentiment accelerated the decline.
3. Short-term market outlook: If Bitcoin fails to return to the $70,000 mark, it may test the support zone between $66,000 and $67,800.
💥Margin call alert:
In the past 24 hours, a total of 92,529 people across the internet have had their positions liquidated, with a total liquidation amount of $296 million. Long positions were liquidated for $251 million, and short positions for $45.402 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 68,471, down 2.21% in the last 24 hours.
Bitcoin is currently focused on the 69450 level. Only if it holds above this level will a rebound begin on the 4-hour chart. Resistance levels to watch are 71450, 72930, and 74500.
If it can't hold above that level, it means the rebound is weak and it will continue to fall. Support levels to watch are 67320, 65590, and 64000.
2. Ethereum (ETH): Price around 2062, down 2.67% in the last 24 hours.
Ethereum is currently targeting 2093. A sustained move above this level is needed for a 4-hour rebound, with resistance levels at 2151, 2200, and 2250. Failure to hold above this level will likely lead to further declines, with support levels to watch at 2025, 1985, and 1945.
3. BNB: Price around 627, down 0.92% in the last 24 hours.
Today, pay attention to 632 for BNB. A sustained move above this level is needed for a rebound. Resistance levels are at 643, 653, and 665. If it fails to break through, support levels are at 620, 607, and 592.
4. SOL: Price around 85, down 3.18% in 24 hours.
Today, we're watching SOL at 88. A sustained move above this level is needed for a 4-hour rebound. Resistance levels are at 91, 93, and 95. If it fails to break through, support levels are at 85, 82, and 80.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.44 trillion, and the total trading volume in the past 24 hours is approximately $105 billion.
The current market sentiment is 14 (extreme fear), indicating a generally pessimistic market sentiment. Geopolitical risks are overshadowing positive developments on the blockchain and among institutions. The Fear & Greed Index confirms the risk-averse atmosphere, with a clear interplay between optimistic expectations within the industry and macroeconomic panic.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1.C: Price $0.0882, up 44% in 24 hours.
2. STG: Price $0.2657, up 43% in 24 hours.
3. KNC: Price $0.1893, up 34% in 24 hours.
📉 Top 3 decliners:
1. KAT: Price $0.01242, down 32% in 24 hours
2. HUMA: Price $0.01516, down 20% in 24 hours.
3. GUN: Price $0.01764, down 19% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.09225, down 0.33% in the last hour.
Tron (TRX): Price $0.3168, up 0.54% in the last 24 hours.
Cardano (ADA): Price $0.2539, down 2.72% in the last 24 hours.
Hyperliquid (HYPE): Price $39.025, down 0.32% in the last 24 hours.
Avalanche (AVAX): Price $9.04, down 2.64% in the last 24 hours.
Stellar (XLM): Price $0.1743, up 0.06% in the last 24 hours.
Sui (SUI): Price $0.9213, down 1.91% in the last 24 hours.
Chainlink (LINK): Price $8.88, down 2.31% in the last 24 hours.
Hedera (HBAR): Price $0.09119, down 0.48% in the last 24 hours.
Bitcoin Cash (BCH): Price $463.0, down 0.75% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000590, down 0.67% in the last 24 hours.
Litecoin (LTC): Price $54.92, down 0.40% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000340, down 1.74% in the last 24 hours.
Toncoin (TON): Price $1.254, down 4.35% in the last 24 hours.
