The crypto market regained another 1% without much resistance
Market overview
Over the past 24 hours, the crypto market regained another 1% of its capitalisation, rising to an estimated $3.2 trillion and continuing the recovery trend that began almost two weeks ago after seven weeks of sell-offs. Among the key altcoins, Ethereum stands out with a 4% growth rate, while Zcash experiences twice as strong growth. XRP is among the laggards at the top, with a 1% loss, and Sui has a 5% drop.
Bitcoin tested the $94K mark at the start of the day. It remains below this figure for now, but the resistance from bears is not yet too aggressive. It is likely that even for bears, the current levels are not attractive for a new downward move. We expect rather sluggish resistance up to the $98-100K area. However,…
