BitMart: Bitcoin breaks $80,000, ETH and SOL follow suit, market sentiment improves.

According to BitMart's market observations on May 4th, BTC is currently trading at approximately $80,312, with an intraday high of approximately $80,529; ETH is trading at approximately $2,392.34, with an intraday high of approximately $2,394.25; and SOL is trading at approximately $85.80, with an intraday high of approximately $85.94. Overall, major assets continued to strengthen today, with BTC regaining its position above $80,000, ETH returning to around $2,390, and SOL maintaining its position around $85. Market sentiment has further improved compared to before the holiday. Looking at the market performance, BTC rose from a low of $78,081 to around $80,500 during the day, with core assets still dominating the market rhythm. ETH followed suit, indicating that the correlation among major coins remains. SOL's volatility was relatively smaller, generally tending to follow the upward trend rather than actively leading it. The current market is still dominated by BTC, with concentrated capital inflows. While the scope of the catch-up rally has broadened, its strength has not yet fully materialized. BitMart X Insight: On May 4th, stock markets in the UK, Tokyo, Shanghai, Shenzhen, and other regions were closed for holidays, while US stocks traded normally. Simultaneously, the market continued to digest the macroeconomic backdrop of rising oil prices and the Federal Reserve maintaining unchanged interest rates. Reflecting on the crypto market, this environment typically leads to more concentrated trading around a few core assets, thus BTC's strong performance is more pronounced than altcoins. Today, BTC broke through $80,000 first, with ETH and SOL following suit, reflecting the current market's characteristic of being driven by core assets. Investors are advised to continue monitoring BTC's stability above $80,000 and whether ETH and SOL can further amplify their catch-up gains under the influence of core assets. This article is for reference only and does not constitute any investment advice. The crypto market is highly volatile and risky; please make rational decisions and manage your personal risk.