Market Overview

The crypto market rose by 2.2% to $2.76T over the past day, as bargain hunters stepped up their activity late on Thursday across a wide range of financial markets. The market managed to return to its 50-day moving average, suggesting bullish sentiment. In the world of traditional finance, October has a reputation as the ‘bear market killer’, while in the cryptocurrency world, it is even referred to as ‘Uptober’. Given this backdrop, the psychological edge lies with the bulls, despite a rather disheartening first half of the month. This likely explains why cryptocurrencies have turned upwards across the board, with only two of the top 100 coins down over the past 24 hours. Among the most liquid coins, gains range…