Crypto Market Let Off Steam Over the Weekend and Ready to Move Upwards
Market Picture
The Crypto Market cap rose by 6.5% from last week’s level to $3.43 trillion. However, since Friday, the market has taken a pause and moved further sideways, falling to $3.35—the upper boundary of the previous resistance. Market capitalisation has been building up in small steps upwards, which looks like the formation of a solid base typical of the early stages of bullish momentum.
The sentiment index is at 73, having pulled back from extreme greed territory. The market is balancing around the current mark, letting off steam after strong bounces, which is also helping to extend the rally, albeit at a slower pace.
Bitcoin recharged over the weekend, retreating to $106.5K. As of Monday morning, it is trying again…
