The crypto market cap fell 2.5% in 24 hours to $2.27T. The market was below this level for several hours last Friday, the first time in the past year and a half. Trading remained stable in this range from March to November 2024. The rebound is losing momentum, increasing the likelihood of a retest of last Friday’s lows at $2.2T, potentially followed by a further 10% decline toward the $2.0T level.
has fallen below $67K, recording its third daily bearish candle. Of the more than 20% rebound from Friday’s lows, only slightly more than half remains. Excluding extreme slippage during illiquid trading, the next important support area is $63K, followed by $60K (a round level and recent extremes) and $58K, through which the 200-week moving…