Bullish start to the year in crypto
Market overview
The cryptocurrency market added 3.6% to its capitalisation over the past seven days and approximately 0.6% in 24 hours, reaching $3.14 trillion. At the start of trading on Monday, there was a slight decline to $3.18 trillion, but a return to monthly highs attracted local buyers. Active growth since the beginning of the year has not only pushed the market away from the ‘bottom’ where prices had been hovering for two weeks prior, but also ensured a break above the 50-day moving average, which we have not seen in almost three months. In the near term, we are closely monitoring the market’s attempts to consolidate at $3.20T. An increase in selling will confirm the shift to a bear market. The ability to grow will…
