Market overview
The crypto market cap printed $2.67 trillion early Wednesday, up 0.81% over 24 hours, BeInCrypto reported, tracking a matching 0.81% gain on the S&P 500 as President Trump paused Project Freedom in the Strait of Hormuz. Tech led equities up 1.34%, and that risk-on bid bled directly into majors. Cryptomat's market pulse score sits at 93, the extreme-greed band, stable but up 2 points day-over-day. Across 150 classified articles in the past 24 hours, 94% read bullish, 6% bearish, with average importance of 5.3.
That reading earns a caveat. A market that hot tends to price in only the upside scenario. The data block carries two stories that don't fit the rip: a Strategy filing path that contemplates selling BTC to cover STRC dividends, and a CoinDesk policy piece in which North Korea terror victims are reframing the April 18 Aave hack as fraud rather than theft, a 30-page response that could give attackers legal title to roughly $71 million in borrowed crypto. Neither moved spot today. Both sit in the credit/legal layer underneath it.
BTC and ETH
Bitcoin found its bid near $78,800 and pushed through $80,000 and $80,800 to a session high of $81,765, NewsBTC's hourly read shows, before consolidating above the 23.6% Fib retracement of the move from $74,940. The 100-hour SMA is below price and an hourly trendline is providing support at $80,150. Above $81,750, the next levels are $82,500 and $83,200. A loss of $80,150 opens $78,350 (50% Fib) and then $77,550.