Market Overview

The crypto market is trading within a narrow range, having bounced off its upper boundary at $2.73T and retreated to $2.67T at the time of writing. New records on the US stock market have spurred crypto buyers into action, but this has proved insufficient to break through key resistance levels.

We attribute this weak performance to the strengthening of the dollar, as evidenced by ’s dynamics. Over the past 24 hours, the top performers among the most liquid coins have been (+4%), (+3.8%) and Uniswap (+3.1%), while fewer coins are losing ground, with the most significant losses seen in (-8%), (-1.1%) and (-0.8%).

Riding a wave of optimism in equities, rose once again towards $82K, hitting the 200-day moving average…