Thursday Market Overview. After experiencing a strong rebound at the beginning of the year, the cryptocurrency market is now entering a mild correction phase. The total market capitalization stabilizes in the range of $3.2 trillion to $3.3 trillion, with a 24-hour increase of about 1.5%-2%.

Bitcoin is quoted at $93,800-$94,000, with a daily increase of 1%-2%, and its market dominance rises to a high of 58%. Ethereum fluctuates around the $3,200 mark, with a gain of approximately 1.5%. Solana performs even better, surpassing the $140 threshold, with a 24-hour increase of 2%. However, from the sentiment perspective, the Fear and Greed Index drops to 28, indicating the market is still lingering in the fear zone.

Delving into the root cause of this correction: the strong rebound at the start of the new year attracted a large amount of profit-taking. While institutional ETFs (such as Morgan Stanley Bitcoin and Solana ETFs) provided liquidity support, macro-level geopolitical risks and uncertainties in Federal Reserve policies are gradually becoming dominant factors. In the short term, leverage squeezes and rotation adjustments in risk assets have intensified volatility, with BTC even briefly dipping to $92,000. Although the aftershocks of the correction at the end of 2025 still linger, from a technical perspective, the momentum for a rebound has not fully dissipated.