📈 Crypto Market Update – 24h Snapshot
Total Market Cap: $2.32T (+1.2%)
Driver: Binance completed a $1B Bitcoin purchase for its SAFU fund, absorbing sell pressure and boosting sentiment during extreme fear (Crypto Fear & Greed Index: 8).
Altcoin Highlights:
Sharp short squeezes lifted high-beta assets.
Top performers: BERA, DYM – driven by leveraged shorts unwinding.
Macro Correlation:
Crypto remains 68% correlated to the Nasdaq-100, reflecting broader market sentiment.
Key Levels:
BTC Support: $65K – $67K
Total Market Cap Resistance: $2.4T
Outlook:
Current gains represent a technical bounce, not a confirmed trend reversal.
Sustained upside will likely depend on:
Strong ETF inflows
Favorable macro data, especially upcoming CPI figures
If you want, I can also make a short, social-media-ready version of this update that hits all the key points in 2–3 sentences. Do you want me to do that?
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