📢 MARKET OVERVIEW❗❗❗
The crypto market cap has been in a see-saw pattern over the past three weeks, exhibiting a gentle uptrend that has returned to the $3.08 trillion level during a consolidation phase. With no clear trend, crypto traders have reduced their activity in altcoins, waiting for the trend to recover in the first cryptocurrency $BTC and key stock indices.
Bitcoin jumped to $94.5K on Wednesday evening in response to the Fed's announcement of a bond-buying programme and a key rate cut. But this link to stocks played a cruel joke. The market is testing the strength of the modest uptrend that has been forming since 21 November. A drop below $88K would break this trend, bolster bearish sentiment and confirm the end of the recovery rally.
