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The Crypto Market Is Once Again Awaiting a Signal From the Stock Markets

The Crypto Market Is Once Again Awaiting a Signal From the Stock Markets

Market Overview

The cryptocurrency market capitalisation fell by 0.6% over the past 24 hours to $2.59 trillion. Leading the gains are the anonymous (+9.1%), (+6.2%), and (+3.6%). Among the underperformers are (−1.8%), despite positive news, as well as the major players (−1.5%) and Polkadot (−1.2%).

Meanwhile, the US is hovering around 7,100, whilst the is testing new highs at 27,000. It appears that the crypto market is once again waiting for a boost from the stock markets to continue its climb.

Fig. 1. The crypto market has stalled, waiting for a signal from outside.

continues to consolidate around $78K. Attempts to push prices below $77K have met with confident buying.

The leading cryptocurrency remains in an uptrend that began in early April, with fairly active buying on dips, and the price…

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