Market Overview

The crypto market has lost a further 5% over the past 24 hours, currently standing at $2.32T, after slipping to $2.27T at the start of Asian trading. The market has not been this low since late March, and this marks a further development of the downward momentum that began in the middle of last month.

Capital interest remains focused on equity markets, but the is hitting new highs, despite the alarming pace of market capitalisation contraction with which it was previously closely correlated. Among the top coins, the day’s top gainers were (+12%), (+9%) and (+8.6%). The biggest fallers were (-11.5%), (-7%) and (-6.4%).

The sentiment index plummeted to 11, its lowest level since early April. In line with the bear…