Hot Search Ranking: THE's popularity is rising, up 222.22% in 24 hours.
The popularity ranking shows that THE's attention is flat compared to yesterday, ranking first. The popularity rankings are as follows:
① THE ($3.77, 222.22%)
② MEMEFI ($0.009873, -10.16%)
③ ENS ($35.27, 45.26%)
④ ETH ($3623.74, 6.11%)
⑤ PNUT ($1.14, 3.64%)
THE's dominant buying power is average, with a net inflow of $53.05 million in 24 hours, and a trading volume of $2.959 billion, among which the net inflow from the main funds is $25.8 million.
After a temporary slowdown in cryptocurrency trading activity at the beginning of this week, the total market capitalization (TOTAL) has rebounded. Bitcoin (BTC) has risen 3% in the past 24 hours, while altcoin leader ENS has surged 34%.
Today's Top News:
BitWise has submitted an application for a cryptocurrency ETF to the U.S. Securities and Exchange Commission, based on its index of 10 cryptocurrencies, covering mainstream assets such as Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap.
Celsius announced that it will distribute $127 million from its litigation recovery account to eligible creditors, to be paid in Bitcoin (BTC), Ethereum (ETH), or USD.
Cryptocurrency market activity has regained vitality.
In the past 24 hours, the total market capitalization of the cryptocurrency market increased by 3%, currently valued at $3.25 trillion, approaching the key resistance level of $3.36 trillion, which has set a historical high since November 23.
This market rise has triggered a large number of short position liquidations. According to Coinglass data, 99,732 traders have been liquidated, with total losses reaching $282.44 million. Among them, short traders suffered the most, with losses amounting to $173 million, accounting for about 61% of the total liquidations.
Cryptocurrency Market Capitalization Analysis.
If buying pressure continues to strengthen, the cryptocurrency market may challenge the historical high of $3.36 trillion and is expected to break through that level. Conversely, if the market experiences profit-taking, it may lead to a market pullback, further declining to the key support level of $3 trillion.
Bitcoin Rebounds Sharply
Bitcoin's current trading price is $95,541, having increased by 3% in the past 24 hours. During Tuesday's intraday trading, Bitcoin briefly fell to a low of $92,872.
From the daily chart, the accumulation activity of market participants remains stable. Bitcoin's relative strength index (RSI) also confirms this, currently at 66.05.
The RSI indicator is used to measure whether an asset is in an overbought or oversold state, on a scale from 0 to 100. When the RSI is above 70, it indicates that the asset may be overbought and at risk of a pullback; whereas when the RSI is below 30, it may indicate that the asset is oversold and has rebound potential.
Bitcoin Price Analysis.
Bitcoin's current RSI is 66.05, indicating that the asset is in a positive upward momentum, with buying power significantly stronger than selling power. If buying pressure continues to strengthen, Bitcoin's price could rebound to the historical high of $99,588 and challenge to break that level.
However, if selling pressure suddenly increases, this bullish trend may be suppressed. If selling activity intensifies, Bitcoin's price could decline again and seek support around $88,762.
ENS leads, followed closely by other exchanges.
ENS, as the governance token of the Ethereum Name Service protocol, has surged 34% in price in the past 24 hours, becoming the token with the largest increase. During Thursday's Asian early trading, this altcoin briefly rose to $37.29, setting a new high for the year, and then slightly retreated. The current trading price is $34.38.
ENS Price Analysis.
However, it is advised to remain cautious, as the RSI indicator for ENS shows that the market may have overheated. Currently, the RSI for this altcoin is 79.45, firmly in the overbought zone, with weak buying pressure being quite common, posing a significant risk of price reversal. If ENS experiences a pullback, its price could fall to $31.57.
Club Target Review
TOP.1
Last Saturday, the club discovered the DeSci concept and selected three iconic targets, among which RIF skyrocketed 10 times after the recommendation, URO also rose 9 times, while WORM's performance was relatively flat.
However, just now the BitMEX founder tweeted to directly recommend WORM, pushing its price to instantly break a new high of 0.08659, an increase of 2 times from the club's recommended price of 0.0244.
Even more exciting is that WORM has announced that it will distribute 2.4% of the project wallet to $WORM holders, truly making money while eating.
Join the club and don't miss this wave of meme craze!
TOP.2
EYE is a coin that the club has been focusing on.
In the early days, after BAN gained popularity, the club discovered the EYE target, which is also a collectible concept, on-chain and has been holding it firmly as the second collectible concept.
Just after Binance announced the launch of BAN's contract, EYE briefly surged by 400%, quadrupling and directly going to zero.
Join the club and ambush more doubling memes!
TOP.3
Driven by PNUT, the entire meme sector has seen an increase. Raccoon Coin FRED started at a price of 0.04 and has now risen to 0.26, an increase of nearly 6 times; similarly, Eye Coin EYE has surged from 0.0004 to 0.0062, an increase of 18 times; BAN has risen from the alert position of 0.041 to 0.21, also approaching a 6 times return. Hot projects are performing steadily, and the opportunity for continuous profits should not be missed!
TOP.4
Today, the most eye-catching is the Squirrel Coin PNUT mentioned by Lao Ma, which has nearly doubled. At the same time, another pet of the squirrel owner, Fred, has been acquired around 0.04 after research, and its market value is now close to $1 billion.
TOP.5
TOP.6
TOP.7
