Market Overview

The crypto market cap has increased by nearly 4% over the past 24 hours, remaining near the high reached after Trump announced talks with Iran. This outperforms most related markets, where initial momentum has waned. Among the major coins, the relatively smaller Aptos (+15%), Filecoin (+10%), and Toncoin (+7.4%) are performing better than others. Monero (-2%) and Polkadot (+1%) are underperforming. Meanwhile, the crypto market has been trading around its 50-day moving average for the past 10 days, with a few attempts to move above it.

Bitcoin has risen by more than 4.5%, staying just below $71K. Although the leading cryptocurrency did not immediately capitalise on the upward momentum and extend its gains, simply…