Market Overview

The cryptocurrency market has risen by 0.75% over the past 24 hours to $2.68T, trading close to this week’s highs. Judging by intraday movements, the market is poised for further growth, as investors actively buy up local price dips. While the major cryptocurrencies have stabilised near their highs of recent months, buyer interest has shifted towards altcoins. Over the past day, the top gainers were Official Trump (+27%), Uniswap (+6.7%) and Solana (+6.3%). The biggest fallers were SushiSwap and IOTA (both down 2.3%) and Immutable (down 1.8%).

The sentiment index continues to hover just below the extreme-greed threshold, a level we last saw consistently from May to August last year. Spikes in the indicator in January…