📉【Evening Close】BTC bounces back, holding the $60K level, recording the biggest drop since FTX this week
Today, the crypto market has stopped the bleed and is seeing a rebound, with the top three tokens all bouncing back. $BTC is currently priced at $61,682, up 1.45% in 24h, after dipping to $60,423 before recovering, hitting a high of $62,800. $ETH is leading the gains, now at $1,616, up 3.61% in 24h, having rebounded over 4% from an intraday low of $1,548. $BNB is priced at $587.45, up 2.21%, with a high of $597.60. The total global market cap is $2.23 trillion, with BTC’s market dominance at 56.1%.
This week, BTC and ETH have cumulatively dropped over 17%, with a market cap evaporation of about $390 billion, and liquidations reaching $7 billion, marking the largest weekly drop since the FTX collapse. Glassnode co-founder pointed out that BTC has dropped below the median holder’s profit and loss line, suggesting a bottom range between $46K-$54K. On a macro level, Iran's blockade of the Strait of Hormuz is raising geopolitical risks; next week, keep an eye on the US CPI data and SpaceX's NASDAQ listing.
From a technical perspective, BTC is getting strong support at the $60,000 level, with short-term expectations of consolidation in the $60K-$63K range. If $ETH can hold above $1,600, the rebound momentum will continue. Weekend liquidity looks weak, so watch for breakout signals.
💬 Interaction: Did you buy the dip during this week's drop? Let’s chat in the comments below!
Data source: CoinGecko, PANews, PA Daily
$BTC $ETH $BNB
#收盘 #行情回顾 #cryptocurrency
Today, the crypto market has stopped the bleed and is seeing a rebound, with the top three tokens all bouncing back. $BTC is currently priced at $61,682, up 1.45% in 24h, after dipping to $60,423 before recovering, hitting a high of $62,800. $ETH is leading the gains, now at $1,616, up 3.61% in 24h, having rebounded over 4% from an intraday low of $1,548. $BNB is priced at $587.45, up 2.21%, with a high of $597.60. The total global market cap is $2.23 trillion, with BTC’s market dominance at 56.1%.
This week, BTC and ETH have cumulatively dropped over 17%, with a market cap evaporation of about $390 billion, and liquidations reaching $7 billion, marking the largest weekly drop since the FTX collapse. Glassnode co-founder pointed out that BTC has dropped below the median holder’s profit and loss line, suggesting a bottom range between $46K-$54K. On a macro level, Iran's blockade of the Strait of Hormuz is raising geopolitical risks; next week, keep an eye on the US CPI data and SpaceX's NASDAQ listing.
From a technical perspective, BTC is getting strong support at the $60,000 level, with short-term expectations of consolidation in the $60K-$63K range. If $ETH can hold above $1,600, the rebound momentum will continue. Weekend liquidity looks weak, so watch for breakout signals.
💬 Interaction: Did you buy the dip during this week's drop? Let’s chat in the comments below!
Data source: CoinGecko, PANews, PA Daily
$BTC $ETH $BNB
#收盘 #行情回顾 #cryptocurrency