The cryptocurrency market has slightly risen by 0.5% in the past 24 hours, mainly due to the US PPI data being lower than expected, leading the market to bet on the Federal Reserve cutting interest rates, which caused risk assets to rise as well. However, the crypto market is highly volatile, and this upward trend could reverse at any moment. Keep an eye on the Federal Reserve's signals, inflation data, and ETF fund flows.
1. Geopolitical easing: There is hope for peace talks, and tensions are easing, which has slightly stabilized risk assets like crypto that were previously very volatile due to conflicts.
2. Profit-taking and cautious sentiment: After the recent rebound, many people have taken their profits and run, and everyone is watching. Bitcoin has tried several times to break through 75000 but hasn't been able to hold it, indicating that there are sellers above, and buyers are hesitant to chase.
3. Institutional activity and macro background: The good news is that institutions are still buying, and there has been continuous funding flowing into ETFs. The bad news is that U.S. tax day is April 15, and many people are selling coins to pay taxes, coupled with inflation and unresolved policies, prices can't rise. Luckily, whales are hoarding coins, and stablecoins have increased, providing support that won’t allow prices to drop too harshly.
💥 Liquidation Alert:
In the past 24 hours, a total of 177,302 people have been liquidated across the network, with a total liquidation amount of $439 million. Long positions liquidated amounted to $224 million, and short positions liquidated amounted to $216 million.
📊 Mainstream coin performance:
1. Bitcoin (BTC): Price around 74972, 24-hour rise 0.18%
Bitcoin is focused on 74500 today. If it doesn't break, it will continue to strengthen, looking up to the previous high around 76; if it can't break 76, it will come down. If it can break strongly, wait for 77500-79300-81500 to short.
If it breaks below 74500, there will be a 4-hour correction, first looking at 73250. If it doesn't break, it will rebound; if it breaks, go to 72200-70600-69130 for more.
2. Ethereum (ETH): Price around 2335, 24-hour fall 0.62%
Ethereum looks at 2345. It needs to stabilize to have upward momentum, aiming for 2385; if it can't get past 2385, it will come down, and if it breaks, wait for 2415-2455-2500 to short.
If it can't rise past 2345, it indicates a weak rebound, first looking at 2283. If it doesn't break, it will rebound; if it breaks, go to 2255-2215-2175 for more.
3. BNB: Price around 627, 24-hour rise 0.80%
BNB is looking at a pullback to 627 today. If it doesn't break, the bulls are still in play, aiming for 638; if it can't get past 638, it will come down, and if it breaks, wait for 653-665-676 to short. If it breaks 627, there will be a 4-hour correction, first looking at 614. If it doesn't break, it will rebound; if it breaks, go to 602-591-581 for more.
4. SOL: Price around 88, 24-hour rise 3.21%
SOL surged to the second resistance level and started to pull back, you can watch 87. If it doesn't break, the bulls remain strong, aiming for 90; if it can't get past 90, it will come down, and if it breaks, wait for 93-95-97 to short. If it breaks 87, there will be a 4-hour correction, going to 84-82-79 for more.
🌡️ Market sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.55 trillion, with a total trading volume of about $150 billion in the last 24 hours.
Current market sentiment is 55 (neutral), the market has improved, and active trading volume supports this sentiment. However, polarized opinions on social media and large sell-offs indicate the market still needs to be cautious.
Today's cryptocurrency rise and fall rankings 🔥
📈 Top 3 Gains:
1. MOVR: Price $4.105, 24-hour rise 225%
2. METIS: Price $5.46, 24-hour rise 73%
3. ORDI: Price $7.794, 24-hour rise 60%
📉 Top 3 Losses:
1. SIGN: Price $0.02005, 24-hour fall 24%
2. XVG: Price $0.003556, 24-hour fall 24%
3. BIO: Price $0.0337, 24-hour fall 17%
✨ Other mainstream coin performances:
Dogecoin (DOGE): Price $0.09810, hourly rise 1.54%
Tron (TRX): Price $0.3257, 24-hour rise 0.02%
Cardano (ADA): Price $0.2563, 24-hour rise 2.56%
Hyperliquid (HYPE): Price $43.70, 24-hour fall 3.46%
Avalanche (AVAX): Price $9.60, 24-hour rise 0.42%
Stellar (XLM): Price $0.1670, 24-hour rise 3.79%
Sui (SUI): Price $0.9929, 24-hour rise 1.83%
Chainlink (LINK): Price $9.46, 24-hour rise 1.50%
Hedera (HBAR): Price $0.09090, 24-hour rise 2.99%
Bitcoin Cash (BCH): Price $449.6, 24-hour rise 1.67%
Shiba Inu (SHIB): Price $0.00000617, 24-hour rise 1.31%
Litecoin (LTC): Price $56, 24-hour rise 0.77%
Pepe hiba Inu (PEPE): Price $0.00000389, 24-hour rise 0.03%
Toncoin (TON): Price $1.443, 24-hour rise 2.41%