1. Today's market overview
1. Today's market overview
Today, the market has changed its weak and volatile situation for many days. The mainstream currencies led the market to rise, and the total market value has also returned to above US$180 billion. As of the time of writing, the total market value of global digital assets is 186.199 billion US dollars, a slight increase of 4.19% compared to yesterday's 178.709 billion US dollars. In terms of trading volume, the rise in the broader market led to a surge in turnover. As of the time of writing, today's 24-hour trading volume was US$129.917 billion, a sharp increase of 22.88% from yesterday's US$105.720 billion.
In terms of market sentiment, according to Alternative data, today's panic and greed index is 14 (12 yesterday), the degree of panic is slightly lower than yesterday, and the level is still extremely panic.
2. Asset rise and fall distribution
Among the falling assets, MKR began to pull back today after yesterday’s sharp rise, and fell by 4.67% in 24 hours; MIOTA turned from rising to falling today, with a 24-hour drop of 4.40%, ranking second; the remaining five falling assets fell more than Small, all below 1%.
3. Trading volume analysis
3. Trading volume analysis
Among the falling assets, OF led the decline today, with a sharp drop of 82.09% in 24-hour turnover, and its price also fell by 12.52%; the stablecoin TUSD also saw a slight decline in turnover today, with a 24-hour shrinkage of 18.89%; TRX, ZEC , OKB fell around 18%.
The broader market rose slightly today, and all mainstream assets rose. Among them, BTC led the rise of mainstream currencies today, with an increase of 4.68% in 24 hours, and the current price is 6625.97 US dollars; Ethereum has risen 3.14% in 24 hours today, and its trading volume has also increased year-on-year, and the current price is 137.13 US dollars; XRP has the smallest increase today, with a 24-hour increase of 2.29 %, its price remained stable above US$0.17; the 24-hour increases of BCH and BSV brothers were 3.62% and 3.14% today, and the trading volumes all showed different degrees of increase.
5. Technical Analysis
There are obvious signs of short-term trading, and there are continuous pull-ups around 5800. This wave is very strong in the morning, and it is to prepare for the high. The center of gravity of the 2-hour structure was directly repaired, and there was an upward shift. The strength was strong in the early trading, and it will continue to rise after a pullback. It is not effective to break through around 6500, and it will attack upwards in the short term.
