🚀In the past 24 hours, the cryptocurrency market fell 1.13%, continuing the volatile trend of the past 30 days (a cumulative decline of 10.81%). Market sentiment is dominated by panic, influenced by a complex interplay of factors including regulation, derivatives, and macroeconomic changes.
1. Regulatory hurdles – Japan’s Financial Services Agency’s tough stance on overseas cryptocurrency ETFs has scared away institutional investors.
2. The derivatives market is cooling down – despite increased trading volume, open interest fell by 0.6%, indicating a decrease in leverage.
3. Bitcoin Dominance – BTC market share increased to 58.55%, while liquidity of other cryptocurrencies declined.
💥Margin call alert:
In the past 24 hours, a total of 86,060 people across the internet have been liquidated, with a total of $210 million. Among them, long positions suffered a bloodbath ($109 million), and short positions were not spared either ($102 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 89,869, down 1.65% in the last 24 hours.
Today's crucial question: Can 90520 hold its ground for 1-2 hours? If it does, a rebound will begin, with minor resistance at 91310 initially, followed by a surge towards 92280, 94150, and then 96000!
Unable to hold steady? That means the rebound is "muscle weakness," and the next support level is 89785. If that doesn't hold, it will slide towards 88880, 87700, and 86230, descending step by step.
2. Ethereum (ETH): Price around 3100, down 0.77% in the last 24 hours.
Ethereum's 3130 level is a critical "lifeline"! If it holds above this level within 1-2 hours, the pullback will end immediately, and the price will turn around and surge upwards. Resistance levels at 3180, 3226, and 3270 are waiting to be broken.
If it can't hold its ground, then the pullback will continue. Let's see which level can hold at 3088, 3030, and 2980!
3. BNB: Price around 885, down 1.95% in the last 24 hours.
BNB broke through 898 today! If it holds above this level in 1-2 hours, a rebound will begin, first targeting the minor resistance at 905, then moving towards 913, 926, and 939.
If it can't hold above that level, the rebound is just a "paper tiger," and the downtrend will begin. The 888 level is a minor support to help at first; if that fails, watch for 881, 870, and 857!
4. SOL: Price around 132, down 1.90% in 24 hours.
SOL's 134 is the "rebound code"! Only after it stabilizes for 1-2 hours can the rebound be considered to be underway. The minor resistance at 136 can be easily handled, and subsequent targets will be 139-143-146.
If it can't hold its ground, then the rebound is "insufficient in momentum," and it will continue to retrace to find support at 131, 128, and 126 in that order!
🌡️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 $120.5 billion.
The current market sentiment is 23 (extreme fear), indicating that market sentiment remains fragile, but signs of stabilization have emerged. The weekly Fear & Greed Index has rebounded, and liquidation volume has decreased, suggesting that panic selling is gradually easing, with institutional activity also providing support. However, the total market capitalization has fallen by 10.7% over the past 30 days, and Bitcoin's market capitalization accounts for a significant 58.6%, indicating that risk aversion persists.
Today's Crypto Gainers and Losers List 🔥
📈Top 3 Gainers :
1. RDNT: Price $0.01286, up 24% in 24 hours
2. ALLO: Price $0.1872, up 22% in 24 hours.
3. LUNA: Price $0.1238, up 19% in 24 hours.
📉Top 3 stocks with the largest declines :
1. GLMR: Price $0.0341, down 18% in 24 hours.
2. VOXEL: Price $0.0236, down 17% in 24 hours.
3. FIS: Price $0.0278, down 14% in 24 hours.
✨Performance of other major cryptocurrencies :
Dogecoin (DOGE): Price $0.13974, down 1.48% in the last 24 hours.
Tron (TRX): Price $0.2827, down 2.02% in the last 24 hours.
Cardano (ADA): Price $0.4271, up 0.02% in the last 24 hours.
Hyperliquid (HYPE): Price $27.59, down 8.68% in the last 24 hours.
Avalanche (AVAX): Price $13.57, down 0.95% in the last 24 hours.
Stellar (XLM): Price $0.2380, down 1.77% in the last 24 hours.
Sui (SUI): Price $1.5788, down 2.90% in the last 24 hours.
Chainlink (LINK): Price $13.66, down 2.78% in the last 24 hours.
Hedera (HBAR): Price $0.1327, down 1.73% in the last 24 hours.
Bitcoin Cash (BCH): Price $572.7, down 5.02% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000844, down 0.35% in the last 24 hours.
Litecoin (LTC): Price $82.61, down 0.99% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000457, down 0.87% in the last 24 hours.
Toncoin (TON): Price $1.613, down 0.74% in the last 24 hours.
QQ: 1037184923
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