Crypto Market Caps at $2.65T as Rebound Loses Momentum Near Key Resistance
The crypto market capitalisation grew by 1.7% in 24 hours to $2.65 trillion. Once again, the positive sentiment in global financial markets came to the rescue of crypto. is leading the rebound, benefiting from the support of the founder of Binance and , which was mentioned again by Musk. At the same time, local resistance has formed in the market at $2.65-2.68 trillion, where the rebound has been losing momentum since the beginning of the month.
Bitcoin is trading above $78K, about 5% higher than Monday’s lows, but hitting resistance from 1 February. This limited rebound is causing bearish sentiment about the immediate prospects for Bitcoin and the whole crypto market.
According to CoinShares, global investment in crypto funds fell by…
