Market Overview

The crypto market has lost 1.4%, falling back to $2.72T, closer to the lower boundary of the narrow consolidation range seen over the last few days. Stock indices are falling after Monday’s impressive rally, which is holding back cryptocurrency speculators. This indecision is fuelling the bears, as the upward-trending 50-day moving average continues to diverge from the current market capitalisation level. This is a rather worrying scenario, marking a shift from the confident bull market of August and September towards a sideways trend or even a correction, similar to what was seen for much of July and August. Meanwhile, altcoins are showing mixed movements. Basic Attention Token (+11.3%) and Theta (+3.9%) are once…