Market overview

The crypto market has been holding steady at around $2.4 trillion for the third day in a row. Current values are slightly above those from seven days ago ($2.35 trillion) and slightly below those from 30 days ago ($2.45 trillion), meaning that, for over a month now, prices have been stuck in a narrow range after the collapse in the second half of January. This lull may well continue. For comparison, the previous consolidation took more than two months, even though it occurred in a wider corridor.

Brian Armstrong, CEO of Coinbase, the largest American crypto exchange, called Bitcoin a decentralised international money that is resistant to inflation and functions without centralised control.
CryptoQuant draws attention to the…