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Market analysis on March 16

  • 2024-03-16 16:42:09
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Market analysis on March 16

Market analysis:

Market cap: $2.62 trillion

24-hour trading volume: $169 billion

BTC market share: 51.7%

ETH market share: 17%

BK? Health Standard: 54 (1 to 10)

BK? Sentiment Index: 50% (-100% to 100%)

Binance Analysis (USDT Trading Pair):

The biggest increase

1. YUP:+52%

2. RAY:+47%

3. PYTH: +31%

The biggest drop

1. WIF:-18%

2. KING:-17%

3. BABY:-10%

Binance Futures:

The biggest increase

1. JUPUSDT:+53%

2. PYTHUSDT:+31%

The biggest drop

1. WIFUSDT:-17%

2. MYROUSDT:-16%

Maximum trading volume (24 hours)

1. BTC/USDT ($630 billion)

2. ETH/USDT ($270 billion)

daily outlook

JUP, RAY and PYTH became market leaders. BTC is showing signs of regaining momentum, while BTC.D is showing a downward trend, potentially signaling a bullish stance on alternative cryptocurrencies (Alts). However, keeping a close eye on the weekly candlestick closes is crucial to further understand the market direction.

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