BitMart Market Report: BTC Breaks $110000, Setting a New Historical High

Odaily Planet Daily News: According to BitMart's market report on May 22, the total market value of the cryptocurrency market is $3.5 trillion, up 3.64% from the previous day; BTC hit a historic high of $111544 today, but then slightly fell back to $111005, with significant intraday price fluctuations; ETH continues to rise, with a current price of $2612.39, breaking through the key psychological barrier of $2600; Although Ethereum is highly correlated with Bitcoin prices, the development of its ecosystem, such as the Ethereum 2.0 upgrade, may provide it with additional upward momentum; In terms of market sentiment, the fear and greed index is 73, continuing to be in the "greed" range; The overall long short ratio is 1.06, with bullish sentiment dominating; Multiple sectors in the field of altcoins saw a general increase, with the AI sector rising by 6.32%; Meme sector rose 4.95%; Layer2, CeFi, DeFi, PayFi and other sectors have also strengthened comprehensively; Coinciding with Bitcoin Pizza Day, market sentiment is high; Investors are advised to closely monitor the subsequent flow of funds and emotional changes.