Market overview

The crypto market capitalisation has remained close to $2.30T for the second day running, with a wide range of performance among coins: from losers such as Uniswap (−2.7%), Immutable (−2.4%) and BNB (−0.7%) to the leaders Algorand (+20%), IOTA (+6.9%) and Cosmos (+5.3%). Meanwhile, the top five altcoins and BTC have changed in price by less than 1% over the last day.

Bitcoin, at $66.5K, remains near the lower boundary of the range seen since early March, adding around $1K to Thursday’s intraday lows. With US markets closed, cryptocurrencies lack the key benchmark provided by traditional markets amid heightened geopolitical jitters. In such conditions, retail investors are reluctant to take active steps, as has been…