BTC did not fall below the previous low after a wave of dips last night, and the overall rebounded slightly. Judging from the heavy volume of the previous wave of decline, the volume and price have diverged, and it is normal to have a rebound. At present
1. Today's market overview1. Today's market overview
Today the market pulled back slightly after a brief rebound in the morning. As of the time of writing, the total market value of global digital assets is 249.087 billion U.S. dollars, a slight drop of 0.39% compared to yesterday's 250.085 billion U.S. dollars. In terms of trading volume, the market fluctuated within a narrow range, and the trading volume continued to decline. As of the time of writing, today’s 24-hour turnover was US$93.263 billion, down 5.05% from yesterday’s US$97.175 billion.
On the news level, Hainan’s new policy: support leading enterprises to explore the construction of digital asset trading platforms; Guangzhou was approved to create the first demonstration zone for blockchain development; South Korea plans to amend the current income tax law to tax cryptocurrencies, mining and ICO; Fang 2.0 multi-client test network Witti is online.
In terms of market sentiment, according to Alternative data, today's panic and greed index is 39 (39 yesterday), the degree of panic is the same as yesterday, and the level is still panic.2. Asset rise and fall distribution
Today's top 100 assets by market capitalization rose and fell mixed, but most of the assets rose and fell within 5%. Among them, SOLVE changed from the weak state of the previous two days, and rose by 16.85% in 24 hours today; MATIC followed closely, and also rose by 14.69% in 24 hours, and its trading volume surged, ranking second in the increase; REN swept more The sun is falling, and it started to rise today, rising by 10.87% in 24 hours; among the falling assets, the overall asset fell less today, HYN still maintained a small decline, and fell by 8.91% in 24 hours today; THUEL ranked second , fell by 8.64% in 24 hours; the overall decline of the rest of the falling assets was below 5%.3. Trading volume analysis
The market fluctuated within a narrow range today, and most of the top 30 assets by trading volume showed declines. Among the rising assets, the trading volume of MATIC rose sharply today, with a 24-hour increase of 176.28%, and its price also rose year-on-year; ONT continued its upward trend, and its small-hour turnover increased by 73.96% to 143 million US dollars in 24 hours; the two brothers BCH and BSV Today's trading volume also rose by 21.21% and 20.54%. Among the declining assets, the overall decline in today's trading volume is relatively uniform, with only two falling by more than 30%. OMG led the decline today, with a 24-hour trading volume decline of 39.09%; OKB failed to Keep trading volume continued to rise, today's decline was 33.49%.4. Analysis of key assets
The market fluctuated slightly today, and the top five assets by market capitalization rose and fell differently. ETH rebounded quickly after briefly falling below $200 last night to regain lost ground. It rose slightly by 0.12% in 24 hours today, and the current price is $204.03; XRP shrank by 0.29% today, and the current price is $0.195; BSV still failed to get out of the downturn, 24 hours It fell by 1.48%, and the current price is $182.13; BTC and BCH also fell by 0.83% and 0.50% respectively today, and the current price is $8856.66 and $227.39.
5. Technical Analysis
