Market Overview

The crypto market capitalisation has fallen by around 2% over the past 24 hours to $2.62 trillion, amid a renewed flight to safety in global markets. The leaders were (+9%), (+3.6%) and (+1.4%); the laggards were (-4.7%), (-3.7%) and (-3.5%).

Since hitting lows at the end of March, the cryptocurrency market has been rising at roughly the same pace as the , but at about half the speed of its more familiar bellwether – the . Since the start of the year, the Nasdaq 100 has gained 13%, while the crypto market has declined 12%.

Bitcoin has returned to levels below $80K, extending its retreat from the 200-day moving average and after touching the overbought zone as part of a pullback from the upper boundary of the…