Market picture
Bitcoin has added 10% in the past seven days, trading at $21.7K. Ethereum jumped 10.3% to $1730. Top-10 altcoins add between 1.5% (Polkadot) and 9% (Solana).
Total cryptocurrency market capitalisation, according to CoinMarketCap, rose 7.9% for the week to $1.06 trillion. The Cryptocurrency Fear and Greed Index is at 25 starting the week, near the upper end of the "extreme fear" area.
Bitcoin showed substantial gains on Friday and avoided correction sentiment over the weekend. As a result, the coin is again testing the 50-day moving average, where fluctuations have become very small.
The market has removed excessive oversold from the BTCUSD but has yet to make a decisive move upwards. A strong move above the 50-day average could end the bear market.
Even so, it is unlikely that current buyers can expect quick multiples gains. A prolonged bear market (like the one we are now in) is usually followed by a protracted period of cautious and uneven price growth. Moreover,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...