BitMart Market Daily Report (May 18)

ME News message, May 18 (UTC+8). According to BitMart’s market observation on May 18, BTC is currently around $76,980, with an intraday high of about $78,570 and an intraday low of about $76,665. ETH is around $2,121.50, with an intraday high of about $2,197 and a low of about $2,091. XRP is around $1.392, with an intraday high of about $1.428 and a low of about $1.372. Overall, today’s BTC has pulled back from its prior high to the $76,000--$77,000 range. ETH and XRP are moving lower in sync, and the market faces clear short-term pressure, with a certain degree of pullback and consolidation.

In terms of market movement rhythm, BTC fluctuated within the $76,665--$78,570 range today, with a pullback of more than $1,800, and short-term trading momentum has visibly weakened. ETH followed the decline to around $2,120, with a slightly slower adjustment pace than BTC. XRP is consolidating within the $1.37--$1.43 range; high-volatility coins are showing larger swings. Overall, the market layout suggests that profit-taking and a wait-and-see sentiment have emerged at earlier highs, and the short-term direction remains unclear.

BitMart X Insight: The core reason for today’s short-term pressure is the overlap of profit-taking at high levels and macro constraints. The U.S. 10-year Treasury yield remains elevated, and oil prices are staying at relatively high levels due to geopolitical developments, which puts pressure on global risk assets. At the same time, after BTC pulled back to around $76,000, short-term funds began to take a cautious stance and watch from the sidelines. The follow-through pullbacks in ETH and XRP indicate that the market has not yet seen new incremental capital entering. In the short term, the market is likely to remain dominated by range-bound oscillation and high-level rotation, awaiting clearer macro signals and capital-flow direction.

Investors are advised to monitor how BTC’s support and consolidation perform in the $76,000--$77,000 range, as well as the coordinated performance of ETH and XRP after the pullbacks. This article is for reference only and does not constitute any investment advice. The crypto market is highly volatile—please make rational decisions and manage your personal risk accordingly. (Source: BitMart)