📈 Crypto Market Update (24h)
The crypto market cap rose to $2.32T (+1.2%), led by Binance completing a $1B BTC purchase for the SAFU fund — absorbing sell pressure and lifting sentiment amid Extreme Fear (Fear & Greed Index: 8).
Market dynamics: • Altcoins saw sharp short squeezes
• High-beta names like BERA and DYM led the move
• Crypto remains macro-correlated — 68% correlation to Nasdaq-100
Key levels to watch: • BTC support: $65K–$67K
• Total market cap resistance: $2.4T
This rally looks constructive but technical.
A true trend reversal will need strong ETF inflows + favorable macro data (CPI).
#Crypto #BTC
#Altcoins #MarketUpdate #Binance #SAFU #MacroCorrelation