Here is the situation and analysis of the top 10 coins by capitalization, with notable movements in the last 24 hours:
1. Bitcoin (BTC)
• Price: $66,607
• 24h change: -1.99%
• Trading volume: $49.24 billion
• Analysis: BTC is showing signs of correction with a decrease of nearly 2%. This weakness has led to a cautious sentiment across the market, affecting major Altcoins.
2. Ethereum (ETH)
• Price: $2,436.76
• 24h change: -3.49%
• Trading volume: $24.51 billion
• Analysis: ETH is under strong selling pressure, down nearly 3.5%. ETH price continues to fluctuate in the low range, which may impact the ecosystem of other Altcoins.
3. Binance Coin (BNB)
• Price: $575.2
• 24h change: -3.15%
• Trading volume: $0.92 billion
• Analysis: BNB is on a downward trend as Binance faces global regulatory pressure. BNB's weakness has a major impact on projects on the BNB Chain ecosystem.
4. Solana (SUN)
• Price: $164.88
• 24h change: -6.55%
• Trading volume: $6.42 billion
• Analysis: SOL has a significant drop of nearly 6.5% due to concerns about scalability and projects in the ecosystem. SOL's decline has a big impact on tokens in the Solana ecosystem.
5. Ripple (XRP)
• Price: $0.5024
• 24h change: -5.22%
• Trading volume: $1.63 billion
• Analysis: XRP also fell sharply due to regulatory pressure and unstable market sentiment. XRP's volatility often has a big impact on coins in the payment group.
6. Dogecoin (DOGE)
• Price: $0.1327
• 24h change: -6.01%
• Trading volume: $1.61 billion
• Analysis: DOGE drops 6% as lack of support from FOMO events. Dogecoin and other meme coins are under heavy selling pressure, losing short-term interest from the community.
7. TRON (TRX)
• Price: $0.1628
• 24h change: -1.09%
• Trading volume: $0.70 billion
• Analysis: TRON has a slight decrease but is more stable than other major coins. TRON's ecosystem is still developing positively, less affected by the general downward trend.
8. Lido Staked Ether (stETH)
• Price: $2,434.51
• 24h change: -3.59%
• Trading volume: $0.05 billion
• Analysis: stETH price is falling in tandem with ETH, indicating concerns about liquidity of staking services, especially in a bear market.
9. Tether (USDT)
• Price: $0.9981
• 24h change: -0.07%
• Trading volume: $60.57 billion
• Analysis: Although USDT maintains stability, the large trading volume shows that many investors are shifting capital to stablecoins to minimize risks in the context of market volatility.
10. USD Coin (USDC)
• Price: $0.9997
• 24h change: +0.0047%
• Trading volume: $10.93 billion
• Analysis: USDC also maintained stability, with high trading volume, continuing to be a “safe haven” for investors who want to avoid strong fluctuations.
Conclusion and warning for investors:
• Market sentiment: Selling pressure is still dominant, with BTC and ETH both in a downtrend. Investor sentiment is gradually turning defensive, shifting capital flows into stablecoins such as USDT and USDC.
• Investment strategy: Investors should be cautious when entering the market at this time, especially for volatile Altcoins such as SOL and DOGE.
• Warning: Volatility remains very high, so investors need to closely monitor news and price fluctuations to make appropriate decisions.
Note: This is not financial advice. Please do your own research and monitor the market before making any investment decisions.
