General Overview
Total market capitalization: US$ 2.91 trillion, with a slight decline of approximately 3% in the last 24 hours.
Bitcoin (BTC): Currently priced around US$ 94,504, BTC has lost the support of US$ 95,000, indicating a possible correction.
Ethereum (ETH): Trading around US$ 1,814, ETH has fallen 1.1% in the last 24 hours, testing the support of US$ 1,800.
Other major cryptocurrencies:
BNB: US$ 599.16 (+1.89%)
Cardano (ADA): US$ 0.66 (-2.58%)
XRP: US$ 2.13 (-1.84%)
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📊 Technical Indicators
Bitcoin: The MACD indicator for BTC is about to form a "death cross," signaling a possible further decline to the range of US$ 90,000.
Ethereum: ETH faces significant resistance and needs to stay above US$ 1,800 to avoid a more pronounced downtrend.
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💡 Highlights and Trends
Bitcoin ETF Inflows: Last week, Bitcoin ETFs in the US recorded inflows of US$ 1.8 billion, indicating continued interest from institutional investors.
Shiba Inu (SHIB): Despite a 7.4% decline over the week, the number of millionaire SHIB wallets has increased, suggesting accumulation by institutional investors.
New token listings: The Sonic (S) token will be listed on Kraken on May 5, and the Obol (OBOL) will be listed on several exchanges on May 7.
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📌 Conclusion
The cryptocurrency market starts the week with a slight correction, influenced by technical and macroeconomic factors. However, institutional interest, particularly evidenced by the inflows into Bitcoin ETFs, suggests a solid support base for the market. Investors should closely monitor support and resistance levels, as well as macroeconomic decisions that may impact the market in the coming days. $BTC $BNB $FET
