BitMart Market Report: BTC Experiences Intraday Fluctuations and Declines, Altcoins Lack Market Momentum

Odaily Planet Daily reported that according to BitMart's market report on April 16, the total market capitalization of the cryptocurrency market is $2.65 trillion, a decrease of 1.06% compared to the previous day. $BTC is experiencing a slight decline, currently hovering around $84,000; $ETH is following the market's ups and downs, currently around $1,600; altcoins are generally declining, with a lack of market hotspots; the overall long-short ratio is 1.05, with bullish forces at their highest in the past 24 hours; Justin Sun has unstaked nearly $150 million worth of $ETH from Ethfi, which may exert selling pressure on the market in the future, and investors should be aware of the risks.