Market Picture

The crypto market set another trap for bulls yesterday afternoon, jumping to $3T and then falling to $2.85T. However, on Friday morning, it is once again flirting with buyers, trading at the same level of $2.95T, where it has remained since the beginning of the week.

On Thursday, Bitcoin replayed Wednesday’s micro-drama, soaring towards $90K, only to soon fall below its previous local lows. As a result, by the end of the day, the intraday low had fallen back to $84K, which we last saw almost five weeks ago. However, on Friday morning, the price is back at the $87K level, around which it has been trading for the last four days.

Although Bitcoin has buyers stopping really sharp declines, other top altcoins are gradually…