Today, the cryptocurrency market fell across the board, and none of the top ten currencies by market value was spared. Ethereum (ETH) fell the most, by 4.8%, and was quoted at $2,386; Bitcoin (BTC) fell relatively mildly, by only 0.9%, and is now priced at $103,011, having fallen from its intraday high of $106,518. Among the top 100 currencies, only four rose. Virtuals Protocol (VIRTUAL) rose 4.5% to $1.82, performing well; Bittensor (TAO) fell 7.1% to $399, and Ethena (ENA) fell 6.1% to $0.3569, ranking first in terms of decline. The market liquidation of $669.12 million in 24 hours triggered this price correction. However, there are also bright spots in the market. The Base-based Virtuals Protocol announced good news, which pushed the token up. Technically, if Bitcoin falls below the psychological barrier of $100,000 or the support level of $98,000, it may continue to fall, and the range of $93,000-95,000 may become an important support. The current market is optimistic, with the fear and greed index at 71, but we need to be wary of overheating risks. Spot BTC ETFs continue to receive inflows, reaching $608.4 million as of May 16. BlackRock IBIT performed outstandingly, while the institution Metaplanet increased its holdings of BTC, demonstrating confidence. Short-term trading recommendations focus on the support level of $93,000-95,000, and wait for stabilization before entering the market; long-term investors can buy on dips, while paying attention to the flow of ETF funds and policy dynamics. #BTC #StrategyIncrease Bitcoin #ETH
BTC
-0.73%
ETH
-2.39%
ENA
-5.95%
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection29
like26
share