BitMart Market Daily Report

ME News message, April 24 (UTC+8). According to BitMart’s market observation on April 24, BTC is currently trading at approximately $77,736, with an intraday high of about $78,600. ETH is at approximately $2,308.70, with an intraday high of about $2,358.12. SOL is at approximately $85.67, with an intraday high of about $86.52. Judging by intraday performance, BTC still remains within a high-range area; ETH has pulled back slightly; SOL continues with narrow-range consolidation. Overall, major assets have entered a rebalancing stage after high-level oscillation.

From the perspective of market pacing, today’s core characteristic is that BTC maintains strength, but the follow-through from mainstream coins is becoming relatively mild. BTC’s intraday trading range is about $77,068–$78,600, and overall sentiment is still dominated by core assets. ETH has retreated to around the $2,300 level, indicating that funds are relatively cautious about chasing prices at high levels. SOL remains in the $85–$86 range, with short-term momentum somewhat contracting. The current market still has a strong foundation, but the upward slope has already slowed compared with earlier.

BitMart X Insight: “Strongness continues at high levels, but diffusion efficiency declines.” The external macro environment has not eased noticeably. Bloomberg market data shows that the U.S. 10-year Treasury yield was about 4.29% on April 23, and crude oil prices were around $93.5, indicating that interest rates and energy prices still constrain the valuation of risk assets. Mapped to the crypto market, BTC can hold above $77,000, reflecting that support from core funds remains solid. However, the elasticity of ETH and SOL has not expanded in tandem, which also suggests that the market currently leans more toward “core assets maintaining strength,” rather than “broad-based upward diffusion.” The key focus for subsequent observation remains whether, after BTC consolidates at high levels, it can continue to drive mainstream coins to form broader correlation.

Investors are advised to continue monitoring the stability of BTC in its high-range and changes in relative strength among major assets. If core assets remain strong and the scope of catch-up expands, market sentiment could recover further. If funds continue to concentrate on only a few core assets, structural divergence will remain the main short-term theme. This article is for reference only and does not constitute any investment advice. The cryptocurrency market experiences significant volatility and carries high risk; please make rational decisions and conduct personal risk control. (Source: BitMart)