The crypto market remains stable but has no reason to grow
Market overview
The crypto market capitalisation has changed slightly over the past day, adding 0.1% to $3.83 trillion. Monday’s recovery was interrupted by a new wave of sales, albeit less intense. The bears seem to have had their fill and are already losing some of their strength. However, potential buyers prefer to wait for a reason to buy, and trading disputes do not yet provide such a reason.
The sentiment index has fallen back to 34 (fear) from 38, where it had remained for the previous two days. Away from the ‘extreme fear’ zone, the market does not attract the most desperate speculators, leaving room for further decline.
Bitcoin is trading at $112K, recovering some of Tuesday’s losses, during which the price fell from $115.6K…
