Market Overview

The crypto market capitalisation rose by 1.29% over the past 24 hours to $2.57 trillion, supported by the Nasdaq-100 and S&P 500 indices hitting impressive new all-time highs. Furthermore, the strengthening of the Japanese yen caused the dollar index to fall, lowering the benchmark. The top performers were Zcash (+5%), Dash (+4.8%) and Aptos (+3.4%). The underperformers among the top coins were Theta (−1%), Cosmos (−1.4%) and NEAR (−1.4%).

Bitcoin is once again attempting to climb above $77K, having found support from buyers during the dip to $75K. The shakeout of buyer positions proved to be quicker than might have been expected. However, it is too early to speak of bullish dominance until the leading…