Market Overview

The crypto market capitalisation rose to $2.3 trillion by the end of Monday, before falling back to $2.27 trillion at the time of writing.

The market recovery trend continues, but the relatively cautious pace of growth suggests we are far from euphoria. This looks more like a phase of asset consolidation by major players, which means the rally will have to wait a while. Among the most active coins, the growth leaders were (+14.8%), (+14.2%) and (+7%). The underperformers were (-5.6%), (-3.3%) and (-3.2%).

Bitcoin is trading near $66.3K, up just under 1% over the past 24 hours, but some distance from Monday’s intraday highs, which were approximately $1K higher. The price rise is occurring within a channel that…