February 1, 2024

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MARKET ANALYSIS:

Market Cap: $1.61 Trillion

24h Volume: $64.41 Billion

BTC Dominance: 51.2%

ETH Dominance: 16.9%

🔸BK® Health Standard: 3.8 (1 to 10)

🔸BK® Sentiment: 21% (-100% to 100%)

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BINANCE ANALYSIS (USDT pairs):

Top Gainers

1. JUP: +1912%

2. POND: +25%

3. CKB: +13%

Top Losers

1. FTT: -29%

2. ALT: -21%

3. AI: -17%

BINANCE FUTURES:

Top Gainers

1. 1000RATSUSDT: +25%

2. CKBUSDT: +13%

Top Losers

1. ALTUSDT: -21%

2. WIFUSDT: -20%

LARGEST VOLUME (24h)

1. BTC/USDT ($25900m)

2. ETH/USDT ($11100m)

DAILY OUTLOOK

JUP, POND, and CKB have emerged as the leading gainers in the current market scenario. BTC, on the other hand, has absorbed a significant amount of liquidity during its recent downward trend.

Presently, it is making efforts to uphold the critical support level at $42,000. The monthly candle close exhibits a spinning top pattern, indicative of short-term uncertainty in the market. Traders and investors are closely monitoring these developments as they navigate the fluctuations in the crypto landscape.

#BTC #ETH #JUP #TrendingTopic