The crypto market capitalization rose to 3.73 trillion USD after recovering from a downturn. This shift reflects a growing interest from buyers as sentiment improves, despite only a small percentage of top 100 coins posting gains.
Bitcoin found support at the 50-day moving average around 112,000 USD, bouncing back to 115,000 USD. This rebound is viewed as a bullish signal, but frequent testing of this support raises concerns about sustainability.
US Bitcoin ETFs faced significant outflows totaling 812.3 million USD, highlighting bearish sentiment, while whales have accumulated 30,000 BTC recently. This mixed activity indicates complex market dynamics.
Leave a Reply