As of this morning, Bitcoin is hovering around $90,575, with a 24-hour decline of 1.04%. Ethereum performed slightly better, staying at $3,087, down 0.9%. The total market capitalization of global crypto assets is approximately $3.73 trillion, a slight increase of 0.28%.
From the trend, the market is still oscillating to find direction. Bitcoin swings back and forth between $88,000 and $92,000, with support and resistance levels relatively clear. Ethereum is holding the $3,050 to $3,100 line without much fluctuation.
Altcoins show a clear divergence: SHIB defies the trend with a 2.41% rise, which is a bright spot; but XRP is less fortunate, falling 1.64%. The capital flow is leaning conservative, with major ETFs experiencing small net outflows, indicating that institutions are still on the sidelines. The key for short-term trading is whether the $90,000 and $3,000 levels can hold. If these levels are broken, a reassessment of the direction will be necessary.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
As of this morning, Bitcoin is hovering around $90,575, with a 24-hour decline of 1.04%. Ethereum performed slightly better, staying at $3,087, down 0.9%. The total market capitalization of global crypto assets is approximately $3.73 trillion, a slight increase of 0.28%.
From the trend, the market is still oscillating to find direction. Bitcoin swings back and forth between $88,000 and $92,000, with support and resistance levels relatively clear. Ethereum is holding the $3,050 to $3,100 line without much fluctuation.
Altcoins show a clear divergence: SHIB defies the trend with a 2.41% rise, which is a bright spot; but XRP is less fortunate, falling 1.64%. The capital flow is leaning conservative, with major ETFs experiencing small net outflows, indicating that institutions are still on the sidelines. The key for short-term trading is whether the $90,000 and $3,000 levels can hold. If these levels are broken, a reassessment of the direction will be necessary.