The cryptocurrency market is showing slight fluctuations overall, with the 24-hour average increase of the top twenty coins being only 0.37%. Bitcoin (BTC) closed at $89,294, up 0.89%, still firmly holding the top market value; Ethereum (ETH) reported $3,028, up 1.24%, leading the altcoins. In terms of stablecoins, USDT and USDC are basically flat, both dropping by 0.02%, reflecting a subtle balance of funds between risk assets and safe-haven assets.
On-chain, Lido Staked Ether (stETH) and Wrapped stETH (wstETH) both showed about a 1% positive fluctuation, suggesting that the demand for Ethereum staking remains active. Relatively speaking, Dogecoin and Bitcoin Cash experienced slight pullbacks, with declines of 0.46% and 1.66%, possibly influenced by recent fluctuations in social sentiment.
It is worth mentioning that Solana (SOL) and TRON (TRX) increased by 0.24% and 1.20%, respectively, indicating that some investors are looking for low-priced high-potential on-chain assets. Overall, the market is oscillating between "steady with an increase" and "short-term pullbacks"; short-term traders can focus on the key support levels for BTC/ETH (around $88,000 and $3,000), while long-term holders still prioritize fundamentals, paying attention to Ethereum staking yields and the liquidity changes of cross-chain bridges.
