Crypto again attempts to break the downtrend.

Market overview:

The crypto market cap has increased by nearly 4% over the past 24 hours, remaining near the high reached after Trump announced talks with Iran. This outperforms most related markets, where initial momentum has waned. Among the major coins, the relatively smaller Aptos (+15%), Filecoin (+10%), and Toncoin (+7.4%) are performing better than others. Monero (-2%) and Polkadot (+1%) are underperforming. Meanwhile, the crypto market has been trading around its 50-day moving average for the past 10 days, with a few attempts to move above it.

Bitcoin has risen by more than 4.5%, staying just below $71K. Although the leading cryptocurrency did not immediately capitalise on the upward momentum and extend its gains, simply remaining at these high levels now suggests confidence among the bulls. They are gradually developing a more optimistic outlook. However, it would be premature to declare the end of the downtrend until prices settle above $75K, where the March pivot points and the 61.8% Fibonacci retracement level from the January-February decline are concentrated.