In the past 24 hours, the cryptocurrency market has shown a volatile adjustment trend, with the total market value hovering in the range of $2.38 trillion to $2.45 trillion, and a slight decline of about 0.7%-1.2% over 24 hours. Trading volume remains high at $140 billion to $200 billion, indicating that market participation is still active, but the competition between bulls and bears is intense.
Bitcoin (BTC), as the big brother, has been quite tangled. The price has been bouncing between $67,000 and $71,000, reaching around $71,600 yesterday before being immediately slammed down. Currently, it is basically oscillating between $69,000 and $69,500, down about 1-2 points from the previous day. I've heard that quite a few whales have moved their assets to exchanges, and it seems that some funds have flowed out of the spot ETF, resulting in significant selling pressure. Although some institutions are buying at lower levels, the market sentiment is a bit panicked, and now the $67,000 miner cost line has become a crucial support level that must be defended.
Ethereum (ETH) has performed quite well this time, actually rising by a point or two, holding around $2,080 to $2,100. It feels like some funds are moving from Bitcoin to seek refuge, but with the overall market so weak, it's difficult to push upwards.
Other coins are moving on their own: XRP, Solana, some have rebounded by 5-10 points, but many meme coins and small-cap altcoins are still lying on the ground. By the way, there's also a ridiculous incident where a Korean exchange seems to have accidentally transferred several hundred billion dollars' worth of Bitcoin (sounds terrifying), and although some has been recovered, it still gave the market a scare.
Overall, the market seems to be in a bit of a 'sage time' state. Earlier, the Trump rally rose too much, and now everyone is taking profits, coupled with the constantly changing interest rate hikes and cuts from the US, causing anxiety among people. In the short term, it is expected to remain this volatile monkey market. Everyone should keep an eye on the Bitcoin support level at $67,000 and the inflow and outflow of ETF funds. Take it easy, don't get too excited, and manage your positions!
#BTC走势分析 #ETH走势分析
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