The crypto hesitates to grow without stocks
Market picture
The crypto market is trying to start 2025 with growth, adding 4% since the beginning of the year. Like in late December, the market is stalling on reaching a capitalisation of $3.41 trillion. This time, the positive mood of cryptocurrency enthusiasts was undermined by a sharp downward reversal in the US and Chinese stock markets.
We pay attention to the reduced trading volumes, which indicate a wait-and-see attitude among market participants and a search for new ideas. At the same time, the support of around $3.20 trillion makes the latest pullback a correction, not a reversal.
Bitcoin fell 3.5% to $93,600 in December. Growth for the full year of 2024 was 120% after 158% a year earlier. The first…
