A Worrisome Lull in Crypto
Market Picture
The crypto market cap was virtually unchanged over the past day, remaining near the $2.70 trillion level. Media reports suggest that all markets are frozen in anticipation of the tariffs and bracing for volatility. We see this as a continuation of a prolonged pause, allowing the bears to accumulate liquidity before a new attack. We will see confirmation of this bearish scenario if market capitalisation falls below $2.62 trillion – the area of previous lows.
The Crypto Market Sentiment Index jumped 10 points to 44 because of the lull, which is close to the upper limit of the fear zone. However, this rise is due to a pause in the sell-off rather than an active recovery.
Bitcoin gained more than 3.5% on Tuesday but…
