How to make sense of crypto recovery – Is it a buy or fakeout
- Bitcoin, Ethereum and XRP rally and add between 2% and 3% to their value on Monday.
- Crypto market capitalization crosses $2.85 trillion as crypto tokens are in the green.
- Amidst the brewing trade war, traders remain uncertain and BTC gains are capped under resistance at $88,000.
Bitcoin (BTC), Ethereum (ETH) and XRP, the top three cryptocurrencies by market capitalization, extend their last week’s recovery on Monday, even as trader sentiment is hurt by the US President Donald Trump’s tariff policy and announcements. Bitcoin’s correlation with US equities and tech stocks continues to limit gains below the $88,000 resistance on Monday.
The top 10 cryptocurrencies are in the green, with prices either unchanged or climbing…
