The crypto is updating its three-month lows
Market overview
The crypto market resumed its decline on Friday, falling 5% in 24 hours to $3.57 trillion. This time, it looks more like a painful reflex after the events of a week ago. But this is an even more dangerous dynamic because we are not seeing a slip in a thin market, but rather a massive sell-off in search of a new bottom. We will closely monitor market dynamics at the 200-day moving average of $3.50 trillion, where there could be a sharp rebound at the end of June or a further decline in March.
Bitcoin fell below $106K. The last time the price consistently exceeded current levels was in early July. The first cryptocurrency plunged below the 200-day moving average. Over the past couple of years, fixing below it triggered a…
