The crypto market continues to rise, stumbling along the way
Market picture
The crypto market capitalisation retains its weekly growth of approximately 1.8%, losing about 0.6% over the last 24 hours to $3.35 trillion. This is another round of buyer indecision at high levels, even though declines were actively bought up. At the same time, capitalisation continues to move away from its 200-day moving average, indicating continued bullish sentiment.
Bitcoin is hovering near $108.5K. Another attempt to develop growth last week resulted in increased sales, pushing the price back to the 50-day moving average. However, this line is an important medium-term support level, attracting buyers. On the other hand, last week’s activity confirmed that sales are picking up as the price…
