Crypto market grows with risk appetite in stocks
Market overview
The crypto market gained 0.75% over the past 24 hours to $3.13T in another attempt to turn towards growth, pushing off the 50-day moving average. Appetite for crypto grew amid a rebound in US financial markets during Monday’s trading and continued growth in Japanese stocks on Tuesday morning. Steady risk appetite began to spread to cryptocurrencies, which had underperformed the market for many weeks.
Bitcoin has exceeded $92K since Monday evening, attempting to climb above levels seen a week ago. There were wide fluctuations on Monday, with an impressive increase in sales when the price rose above $92K, but this did not deter the bulls from continuing their attempts. It would be too hasty to conclude sustained risk…
