Market Overview

The crypto market has lost just over 6% over the past seven days, falling back to $2.46T by the start of trading in Europe on Monday. The market is now testing the 200-day moving average, which we see as an important target for the bears. The key question now is whether the bulls are ready to return to buying. Beyond cryptocurrencies, the same question applies to US big tech, which is heightening uncertainty and forcing the market to wait for signals from outside, possibly from politicians. Declines predominate among the most liquid coins, but there are also altcoins on the rise, so the ratio of gainers to losers is roughly 1:7. Over the past 24 hours, the top gainers have been Basic Attention Token (+2.6%), Immutable…