Market overview

The cryptocurrency market capitalisation fell by 0.6% over the past 24 hours to $2.59 trillion. Leading the gains are the anonymous Zcash (+9.1%), Theta (+6.2%), and Cosmos (+3.6%). Among the underperformers are Toncoin (−1.8%), despite positive news, as well as the major players Ethereum (−1.5%) and Polkadot (−1.2%). Meanwhile, the US S&P 500 is hovering around 7,100, whilst the Nasdaq 100 is testing new highs at 27,000. It appears that the crypto market is once again waiting for a boost from the stock markets to continue its climb.

Bitcoin continues to consolidate around $78K. Attempts to push prices below $77K have met with confident buying. The leading cryptocurrency remains in an uptrend that began in early…