Total crypto maret cap in USD, including MAs. Source: CoinMarketCap and FxPro
The crypto market cap fell by more than 1% in 24 hours to $2.31 trillion, approaching last week’s lows but leaving the market 5% above its low point on 6 February. The market’s range continues to narrow, suggesting that volatility is likely to soon break out of the $2.3-2.4T range. Given the previous dynamics and the increasingly cautious nature of growth in the US stock markets, there is a greater chance of an early update of local lows with a dip to the levels we saw in the second half of 2024.
Bitcoin is trading just above $67K, losing slightly under 1%, which is better than the market, as active selling has moved to altcoins outside the top five. BTC is trading at the bottom of the downward range of the last week and a half.
