BitMart September 18 Market Report: The overall crypto market is strong and fluctuating

Odaily Planet Daily News According to BitMart's September 18 market report, the total market value of the cryptocurrency market is about US$4.11 trillion, up 1.63% from the previous day. BTC’s current price is $117,384.31, up 0.7% in 24 hours. Institutional investment enthusiasm is rising, with listed companies holding coins exceeding 1 million, with short-term support at US$114,720 and resistance at US$117,280.3. Yesterday, BTC ETF recorded a net outflow of US$201 million; ETH is currently priced at US$4,601.12, down more than 4% in 24 hours. Despite intensified short-term volatility, the long-term outlook is positive, with key support at $4420 and resistance at $4616.68. Yesterday, ETH ETF recorded a net outflow of US$29 million; altcoins rose and fell in a mixed amount, the Panic and Greed Index was 51, and the market sentiment was neutral. BitMart X Insight data shows that market sentiment is extremely optimistic (index +0.82), the Federal Reserve cut interest rates by 25 bps and the SEC approved the listing of Grayscale large-cap funds and general ETFs, jointly driving the bull market expectations of BTC and altcoins, with significant regulatory benefits; the overall market social enthusiasm is active (average SSI 70.86); the overall market abnormality is extremely high, and the social popularity of altcoins such as MEW and BLAST soared but the KOL attention is low, indicating speculative risks, while BTC is stable among institutional favorableness and short-term fluctuations. Investors are advised to be alert to market overheating and high volatility.