Let's pay attention to the 24-hour data and capital changes in the crypto market:
The current crypto market value is 1.476 trillion, the 24-hour market value increased by 2.7%, and the 24-hour market value increased by 39.8 billion
The current trading volume is 82.9 billion.
Among them, Bitcoin accounts for 49.51% of the market, Ethereum accounts for 16.8% of the market, and the stablecoin market value is 128.8 billion, and the current market share is 8.73%.
The current market value of Bitcoin is 730.6 billion, the 24-hour market value increased by 2.51%, and the 24-hour market value increased by 18.3 billion.
The current trading volume decreased by 21.78%, and the current Bitcoin trading volume is 21.7 billion.
From the data chart, 5 a.m. is the peak of the crypto market value, and the market value began to shrink and decline after 5 a.m.
The growth path of Bitcoin's market value is also the same, with 5 a.m. as a turning point.
From the perspective of market share, although the market value of the crypto market has increased, the market share of Bitcoin has decreased. On the contrary, the share of Ethereum and the cottage market has increased, and the market share of stablecoins has also decreased.
From the overall data above, although the fluctuation last night caused a large fluctuation in Bitcoin in a short period of time, the market funds obviously favor the copycat market led by Ethereum. The rise of Bitcoin has driven the positive sentiment of the market. At the same time, the reduction in the market share of stablecoins also shows that the wait-and-see funds are gradually entering the transaction. From the perspective of time, the main force of this wave of overall market rise comes from the US trading time.
Let's take a look at the performance of the 24 funds in the crypto market:
USDT: Current market value of 88.5 billion, 24-hour increase of 0.19%, 24-hour market value increase of 168 million, 24-hour trading volume decreased by 23.9%, and the current trading volume is 39.9 billion.
USDC: Current market value of 24.4 billion, 24-hour market value increase of 0.28%, 24-hour market value increase of 68 million, 24-hour trading volume decreased by 26.19%, and the current trading volume is 5.2 billion.
From the stablecoin data chart, Asian funds have changed their recent habit of increasing funds. Today's increase in funds comes from around 10 am. The movement of US funds was more volatile. After the obvious outflow of US funds in the early morning of the US stock market, the outflow continued for several hours. One hour before the closing of the US stock market, the funds increased significantly again. Until 6:25 in the morning, the funds completed the obvious increase process.
Combining the flow of funds, we can clearly see that although Bitcoin started a round of rise in the early morning, there was actually no obvious inflow of funds. The funds that pulled up came from the on-site wait-and-see funds we mentioned yesterday. It was not until the eve of the US stock market closing that the poor performance of the US stock market stimulated funds to flow into the crypto market again.
In fact, from the flow of funds, we can see that American traders may be calmer than Asian traders about the news in the early morning that stimulates the crypto market, which may also be due to the different investment ecology. At the current stage, American investors are more willing to pay attention to the stock market rather than the crypto market. Although funds have flowed into the crypto market in the early morning, and the price of Bitcoin has also begun to turn around at 5 am, starting from Tuesday this week, it is actually obvious that the enthusiasm of the crypto market generally occurs during the trading hours of American traders, but it can be understood from the funds that this is not because American traders actively participate, but because many data occur in the early morning, causing some Asian traders to participate in transactions in the early morning. The overall market sentiment is still that Asian traders are more optimistic, while American traders are more drifting with the tide. Judging from the market sentiment on both sides, it is not in a prosperous stage.
