Market overview

The crypto market remains stable, having risen slightly over the past 24 hours, and market capitalisation has reached $2.33 trillion, rebounding from an intraday low of $2.28 trillion. The overall trend mirrors that of stock indices.

The cryptocurrency market sentiment index remains in the extreme fear zone at 11 points, up 3 points from the day before. Over the past two months, the figure has risen above 25 only twice, and the average for the period barely exceeds 12 — a record low and the longest sustained level in the indicator’s history.

Bitcoin is trading at $67,700, up around 1% since the start of the day, though it remains below the 50-day moving average. At the same time, BTC is forming another bounce off the…