Market Overview

The crypto market is continuing the recovery that began on Friday, but is rising more slowly; after four consecutive days of gains, it has managed to recoup only two-thirds of the losses incurred on Wednesday and Thursday of last week. At $2.83T, market capitalisation is now 1.1% higher than a day ago, but 3.5% below the level seen a week earlier. At current levels, the crypto market is only just approaching the support zone that held at the end of September. This caution clearly indicates that cryptocurrencies are in the early stages of a bull market, with buying on dips evident but overall sentiment remaining fairly cautious. Among altcoins, a positive trend has prevailed over the last 24 hours, with the ratio of…