📊 Market update today:
1. Total market value
The total cryptocurrency market value today is around $3.10 trillion, with a slight increase of about +1.8% in the last 24 hours.
The daily trading volume reached about $159 billion.
This indicates moderate activity with an upward trend, and not a huge surge.
2. Dominance and transformations
The dominance of Bitcoin (BTC) and large cryptocurrencies is still high, which means that the movements of large coins represent the majority of market movements.
If the large coins are stable or move slightly upwards, usually the results are followed by smaller coins in one way or another.
3. Important points to monitor
If the volume increases with rising prices => Strong signal of trend continuation.
If the price rises but there is no increase in volume => it could be a weak move or susceptible to reversal.
Keep an eye on news related to legislation, policies, or statements from central banks, as they quickly affect the market.
4. Do not rely solely on daily highs, try to understand what is behind them: is it a real increase supported by transactions and interest, or just a short correction/peak?
Develop a plan: set the entry level, exit level, and stop loss level.
Monitor trading volume and interest, as both are often stronger indicators than
price alone.
