The global cryptocurrency market capitalization is now $2.4 trillion, up about 8% in the last 24 hours, but has retreated from the daytime high. Trading volume is over 300B, and many are buying the dip. BTC dominance is between 57-59%, with altcoins fluctuating. On the macro side, tech stocks have stabilized a bit, but the Fed's hawkish stance and government shutdown fears are still weighing down sentiment.
2. Bitcoin halted after reaching 72K and has pulled back to 71K, continuing the roller coaster.
BTC is currently in the 71K range, with a 24-hour increase of 8-10%, a daytime high of 72K, but the rebound has stopped. Technically, it has held above 70K, but analysts say we need to see if 72K breaks in the short term. Geopolitical tensions and ETF outflows are still causing issues, but institutions are buying at the lows.
3. Altcoins are recovering but lack strength, ETH is steady at 2K
• ETH: around $2,010, up 8-10%, hold steady at the 2K mark
• SOL: $86-90, up 12-15%, a small rebound expert
• Others: XRP $1.46 up 15-20%, BNB $655 up 5-7%, the top ten turned from green to red but the end of the session was weak, alt-season index shows some signs, DeFi NFTs are warming up, but 90 of the top 100 were red yesterday, today there is finally some improvement.
4. Today's Hot News
• BTC rebound stopped at 72K, Trump's crypto revolution promise fell through, the market has returned to pre-election levels
• ETF outflow continues, with 434M running yesterday, ETH also 80M, stablecoins lost 140B
• Macro: US stocks' Nasdaq rebounds but crypto remains uncertain, Binance helps Trump's crypto company boost to a 5B market cap
• Regulation: The Senate pushes the market structure bill, but the bank card shell; the White House forces banks to talk about stablecoins
• Others: Whales buy at low points, UBS says crypto is not an asset, South Korea's Bithumb mistakenly issued 5T KRW crypto causing a joke
5. Sentiment and Outlook
Now in extreme fear, the index is 12-14, rebounding from the low point but not out of danger. The selling pressure from exchanges has eased, and leveraged liquidations are less. Short-term volatility is high, but the long-term fundamentals from institutions and halving are still there, but we need to wait for macro stability. An oversold rebound has come, but don't bet too big.
What to watch out for tomorrow (February 8, China time):
1. US data: CPI employment, Federal Reserve speech, hawkish factions are putting pressure on the market.
2. Geopolitics: Oil prices between the US and Iran are causing trouble, crypto can easily get caught up.
3. Technical: BTC holds the critical 70K level, if broken, it will fall back to 65K; a rebound above 72K is needed to gain strength.
4. Regulation: The bill is closely monitored, can ignite instantly.
5. Reminder: Extreme fear has a rebound, but play lightly, stop loss is a must, DYOR!
Today there was a rebound but no momentum, the crypto winter is not over, but the low point may be an opportunity. Hold steady, see you tomorrow at 8 AM, continue to monitor the market, it's not easy to analyze, please give a follow #全球科技股抛售冲击风险资产 $BNB
