🚀The cryptocurrency market rose 1.25% in the past 24 hours, mainly due to reduced regulatory uncertainty and increased confidence among institutional investors.
1. Main reason: The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission officially classified 16 major tokens as digital commodities, reducing regulatory uncertainty and encouraging institutional capital to enter the market.
2. Secondary reasons: The trend was supported by a 20.5% increase in tokens such as LDO, a shift towards Altcoin, and growing positive sentiment on social media (net score 5.24/10).
3. Short-term market outlook: If the market size remains above $2.63 trillion, it may test the Fibonacci extension level of $2.72 trillion. A drop below $2.55 trillion could signal a pullback.
💥Margin call alert:
In the past 24 hours, a total of 82,553 people across the internet have had their positions liquidated, with a total liquidation amount of $459 million. Long positions were liquidated for $109 million and short positions for $173 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 77,871, down 0.09% in the last 24 hours.
Bitcoin is expected to reach 78330 today. If it retraces but doesn't break through, the bullish outlook remains. The resistance level is the previous high of 79450. If it fails to break through, it will retrace. If it breaks through, consider shorting around 81500, 83000, and 84700.
If the price falls below 78330, a pullback will begin on the 1-2 hour timeframe. Consider placing long orders near 77350, 76200, and 74900.
2. Ethereum (ETH): Price around 2329, up 0.01% in the last 24 hours.
Ethereum is currently targeting 2355. If it holds, continue to go long, with an upside target of the previous high of 2400. If it fails to break through, expect a pullback. After a breakout, consider shorting around 2460, 2510, and 2560. If it breaks below 2355, look for pullbacks to 2305, 2260, and 2220 to consider going long.
3. BNB: Price around 629, down 0.36% in the last 24 hours.
Today, we're watching BNB at 633. If it doesn't break through, go long. The previous high is 640; if it fails to break through, it will pull back. If it breaks through, look for short positions around 655, 664, and 676. If it breaks below 633, it will be a 4-hour level pullback; look for long positions around 625, 616, and 605.
4. SOL: Price around 86, down 0.45% in 24 hours.
Today, we're watching SOL at 86.8. If it doesn't break through, go long. On the upside, look for shorting opportunities around 88.5, 90, and 93. If it breaks below 85, there will be a 4-hour pullback; look for long opportunities around 85, 83, and 81.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.59 trillion, and the total trading volume in the past 24 hours is approximately $120 billion.
Current market sentiment is 44 (neutral), indicating a slightly bullish outlook. Although the fear index was somewhat cautious last week, social media activity was high, and market capitalization was rising. However, optimism in derivatives was suppressed by hedging, likely due to geopolitical factors and high leverage.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. PROM: Price
0.00005950, up 16% in 24 hours.
3. LUMIA: Price $0.1587, up 15% in 24 hours.
📉 Top 3 decliners:
1. ORCA: Price
0.0872, down 19% in 24 hours
3. ENSO: Price $0.892, down 19% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.09836, down 0.11% in the last hour.
Tron (TRX): Price $0.3238, up 0.06% in the last 24 hours.
Cardano (ADA): Price $0.2483, down 1.23% in the last 24 hours.
Hyperliquid (HYPE): Price $42.492, up 2.91% in the last 24 hours.
Avalanche (AVAX): Price $9.28, down 1.38% in the last 24 hours.
Stellar (XLM): Price $0.1694, up 0.18% in the last 24 hours.
Sui (SUI): Price $0.9238, down 1.02% in the last 24 hours.
Chainlink (LINK): Price $9.35, down 0.53% in the last 24 hours.
Hedera (HBAR): Price $0.09094, down 1.54% in the last 24 hours.
Bitcoin Cash (BCH): Price $448.3, down 1.13% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000613, down 0.947% in the last 24 hours.
Litecoin (LTC): Price $55.41, down 1.37% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000384, down 1.03% in the last 24 hours.
Toncoin (TON): Price $1.317, down 0.38% in the last 24 hours.
