Bitcoin breaks through $80,000, ETH and SOL follow in recovery, market sentiment rebounds

Odaily Planet Daily News According to BitMart's market observation on May 4, BTC is currently reported at approximately $80,312, with an intraday high of about $80,529; ETH is reported at approximately $2,392.34, with an intraday high of about $2,394.25; SOL is reported at approximately $85.80, with an intraday high of about $85.94. Overall, major assets continued to strengthen today. BTC has reclaimed the $80,000 level, ETH has returned to around $2,390, and SOL has also maintained the $85 mark. Market sentiment has further recovered compared to before the holiday.

From the market performance, BTC rose from an intraday low of $78,081 to around $80,500, with core assets still dominating the market rhythm; ETH followed the uptrend, indicating that the correlation among mainstream coins remains intact. SOL showed relatively smaller volatility, leaning more towards following the rally rather than leading actively. The current market landscape is still driven by BTC as the main narrative. While capital inflows are relatively concentrated and the scope of catch-up rallies is expanding, the intensity has not yet fully materialized.

BitMart X Insight: On May 4, stock markets in the UK, Tokyo, Shanghai, and Shenzhen were closed for holidays, while U.S. stocks traded normally. At the same time, the market continues to digest the macro backdrop of rising oil prices and the Federal Reserve maintaining interest rates unchanged. Mapped to the crypto market, such an environment typically leads capital to trade more concentratedly around a few core assets. Therefore, BTC's strong performance stands out more compared to altcoins. Today, BTC broke through $80,000 first, with ETH and SOL following in recovery, reflecting the characteristic of the current market where sentiment is driven by core assets.

Investors are advised to continue monitoring BTC's stability above the $80,000 level, and whether ETH and SOL can further amplify their catch-up gains driven by the core assets. This article is for reference only and does not constitute any investment advice. The crypto market is highly volatile with significant risks; please make rational decisions and manage your personal risk.