Crypto Review - Page 23

The crypto market is attempting to form an upward trend, with the market capitalization growing and cryptocurrencies showing an increasing bullish sentiment. Bitcoin experienced fluctuations but is trading near $66.8K. Ethereum is approaching but has not yet overcome $2700.

The crypto market reached $2.28 trillion, with Bitcoin trading above $66.5K. Chinese stimulus measures and UAE's approval of a stablecoin are driving factors.

The crypto market is sitting at $2.23 trillion, roughly back to levels of a week earlier. Bitcoin broke above the $64K mark on Monday morning, accelerating intraday gains after breaking through its 200-day MA. Ethereum climbed to $2,500

During this week, Bitcoin's intraday momentum has been dominated by declines during the US session. Ethereum has failed to break away from 200-week MA for 9th week.

The crypto market has stabilised around the $2.17 trillion level where it was a week and a day ago. Bitcoin sandwiched between the 200-day MA above and the 50-day MA below.

The crypto market rolled back 1.8% in 24 hours to $2.17 trillion due to a reduction in risk appetite. Bitcoin has been gaining crypto market share during such periods.

The crypto market is down 3% for the week, but positivity has returned since Thursday when Bitcoin found support at the $60, K level and bounced off the 50-day MA. Ethereum is in a weaker position, approaching the 50-day MA from below.

The crypto market has significantly slowed its decline. Bitcoin remains just above its 50-day MA while Ethereum is trading near the bottom of its range.

The crypto market lost 1.44% of its capitalisation in 24 hours to $2.13 trillion amid a rising dollar and declines in risky assets. Bitcoin found support at $60K, but XRP continues to fall, having lost around 20% in four days.

The crypto market lost 4.2% of its cap in the last 24 hours to $2.16 trillion amid risk aversion over Iran's missile attack on Israel. Bitcoin collapsed below the $61K level, losing around $3,000 (almost 5%) as selling intensified on technical factors.

Market picture The cryptocurrency market shed a further 0.7% of its capitalisation in 24 hours to $2.26 trillion, coinciding with a strengthening of the dollar and a short-term fixation in gold as markets reacted to Powell’s hints that the Fed.

The crypto market started the week on a defensive note, losing 1.2% of its cap in 24 hours, but is still up 3% on the week. Bitcoin is down 2.6% at $64.0K, but remains close to completing its best September since 2012, having added over 11% since the start of the month.