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Crypto market cap rose 0.6% over the past 24 hours to $1.33 trillion as altcoins outperformed.

According to CoinShares, investments in crypto funds rose sharply again last week, adding $261 million, the sixth consecutive week of inflows. Bitcoin investments increased by $229 million, Ethereum by $18 million and Solana by $11 million.

#XRP rose to $0.73 by the end of the day on Monday. Reaching this level triggered a solid but short-lived wave of profit-taking. This sentiment has spread, albeit with less intensity, to other leading altcoins such as #Solana, #Cardano and #Litecoin. So far, it looks like a quick recharge rather than the start of an extended correction, as the weakness is neither shared by Bitcoin and Ether nor by the equity markets.

#Ethereum, which had seen limited gains recently, rose for the fifth day in a row on Tuesday, trading close to $1900, the highest level in four months.
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The crypto market is up 1.5% in 24 hours to $1.41 trillion. The dynamics of coins over the past 7 days have been mixed.

Bitcoin gains 0.7%, Ethereum loses 1.6%, while the top altcoins varied from -5.8% for #Tron and -5% for XRP to +23% for #Avalanche and +4.7% for #Dogecoin.

#Bitcoin sticks to its uptrend channel. In #Ethereum, the trend of higher local lows over the last four weeks is noticeable.

The technical picture in the altcoins is setting up for another change of leaders in the second tier.

#Solana has risen for the past month, gaining around 130%. However, the price is still 77% below its peak in October 2021.

#XRP and #Litecoin, once some of the leading altcoins, are not yet in favour of the market. Like the coins above, they started to rise in the second half of last month but have come under more pressure in the last two weeks, reversing the upward trend. It's worth being prepared for them to underperform the market for the foreseeable future as the focus of developers and holders shifts.
#Bitcoin bounces around in an ascending channel, hitting its three-week upper resistance of $37.8K on Wednesday evening. An intensifying sell-off thwarts attempts to heat the price, but the pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment. At the same time, this relative stabilisation in the range removes local overbought conditions, allowing to stick to gains of the previous advance. A break of resistance could see a quick rise above $40K.

#XRP received buyers' support on Wednesday after touching the 50-day moving average, giving it a chance to stabilise after a pullback of more than 20% from its early November peak.

However, the buying of #Ethereum on its dip below $2,000 on Wednesday was more notable. Active buying in the world's second most-capitalised coin took the price back to $2060, near the top of the range since the 10th of November.
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#Crypto market capitalisation changed little at the end of trading on Wednesday, remaining close to $1.59 trillion (-0.14% d/d). But this modest result is a show of strength, given the pressure in equity markets, which intensified selling in #Bitcoin and #Ethereum.

Meanwhile, Altcoins got their chance to catch up with the leaders. For example, XRP added 2% in 24h) and #Cardano added 4%.

#XRP has formed an upward trend since mid-October. An attempt to accelerate growth last month failed, but it also failed to break this line at the start of December. In addition to the trend line, the 50-day moving average, the touch of which stops the sell-off for the last 50 days, also turned out to be on the side of buyers.

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The #crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves. The Fear and Greed Index is wandering around a neutral 50.

A cautious uptrend can be discerned in #Bitcoin since Tuesday, as some players are looking to lock in profits from short positions or buy after a sharp sell-off. We note that Bitcoin was not oversold before stabilising, and bears may use the current lull to hoard liquidity before another sell-off.

#XRP has almost completely erased the gains of the rally since October, returning to the $0.51 area. On the daily timeframes, the RSI has touched oversold territory, setting the stage for increased volatility and the potential for a reversal in the coming days. However, there is a cause for alarm. Since November 2022, XRP has been forming an upward trend, and the movement of the last few days has broken it.

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The #crypto market corrected 0.6% in 24 hours to a total capitalisation of $1.65 trillion. The correction was aided by pressure on global equity markets, which lost ground following the IT giants.

#Bitcoin, trading near $43K, remains close to its 50-day moving average. It also 'rested' in the same area from the 12th to the 17th of January, so the current calm is not surprising.

Among the top coins, #XRP looks the worst, having lost 4% on the day to $0.51. Its sell-off started before the crypto market moved lower. Now, XRP is testing the strength of the support level that has been in place since November 2022 and reflects the transition to active accumulation. A drop to $0.47 would take the price below the recent local lows and mark a break in the uptrend.

It would be too pessimistic to call XRP the canary in the coal mine of the entire crypto market. Most likely, we are in for another change of leadership, and the once promising and popular coin will continue to lag behind its peers.
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The #crypto market continues to rise, adding 2.3% to the level of 24 hours ago. Bitcoin's capitalisation has surpassed 1 trillion, and its share of all coins is estimated at 52.5% by CoinMarketCap. The increase in share is due to USDT and the relative stagnation of the share of other cryptocurrencies outside the top five.

#Bitcoin's price has surpassed $52.2K, the highest level since the end of 2021. Buyers in the first cryptocurrency are so strong that we don't even see a prolonged consolidation. This dynamic reinforces our view that the next meaningful shakeout may not come before the approach of 60K, where there were several inflexion points in 2021.

#Ethereum is updating highs, but this is the highest level since July 2022. #Solana has been at highs since late December last year, #Cardano has only recovered to levels from 13 January, and #XRP has been at its highest since 22 January. Clearly, the bigger the coin now, the more attention it gets.

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The #crypto market is up 1.7% from 24 hours ago, with Bitcoin stuck between $51.5K and $52.5K. Buying interest has focused on the major altcoins such as #BNB (+3.6%), #XRP (+3.5%) and #Cardano (+4%), which were lagging the day before, but they are just trying to keep up with Bitcoin's rise. In our opinion, altcoins' time will come when the first cryptocurrency has reached its historic highs and looks too expensive. But it could be another year before that happens.

Moreover, history suggests the market will pick new altcoins with each new growth cycle. The stars of the past era don't always manage to rewrite their all-time highs, so there's no rush to pick altcoins at this stage of the cycle.

As a result of another recalculation, the difficulty of mining the first cryptocurrency increased by 8.24%. The indicator updated the historical maximum at 81.7 T. The average hashrate for the period since the previous change in value was 583.92 EH/s.
The crypto market cap reached $1.99 trillion, according to CoinMarketCap, an increase of over 10% in one week. Forbes estimates that the $2 trillion mark was reached last week. Over the last 24 hours, Bitcoin gained 1.4%, overtaken by Ethereum (+4.4%) and #Solana (+3.5%). #BNB (-0.6%) and #XRP (+0.9%) could not keep up with the current market.

#Bitcoin is approaching $52.5K, having quickly found buyers after Saturday's drawdown, bringing the price back to the range highs of the last five days. Technically, bitcoin has no meaningful resistance levels until the area approaches $64K.

#Ethereum is also trading in weak resistance territory after breaching the $2900 level. In April 2022, it plunged from levels near $3500 to $2000, with a complete capitulation at levels below $900. A recovery from $2000 to $3500 could be just as quick. This level is also close to 161.8% of the October to early December rally, which is a Fibonacci pattern.
The #crypto market lost around 1.2% overnight to $1.95 trillion, according to CoinMarketCap. The Crypto Fear and Greed Index rose to 76 (Extreme Greed). This indicator reflects sentiment the day before rather than at the moment. Since Friday morning, crypto has been dominated by selling despite all-time highs in many global equity indices. As a very sensitive indicator, the crypto market may be signalling that investors have become a little more cautious.

#Bitcoin has fallen below $51K, which is near the bottom of the consolidation range of the last eight days. Without a bounce from here, we could see a deeper correction begin, potentially as low as $47-49K.

#XRP failed to break above its 200-day moving average resistance again this week. It also fell below its 50-day MA on Friday morning. Both curves are pointing down, reinforcing the bearish signal. XRP is testing a long-term support line that has been in place since November 2022, the low point of the crypto market in the current cycle.
The crypto market settles at a $2 trillion cap level, up 0.8% on the day. Altcoins are once again driving growth, while the first coin is flat, losing 0.5% in 24 hours, and Ethereum is up 2.5%. #BNB adds just under 2%, enjoying a resurgence of interest in cryptocurrency trading. #XRP and #Cardano both lose 1%, dragging the market back down.

#Bitcoin and #Ethereum are the cryptocurrencies of choice for institutional speculators. Their obvious trade right now is betting on the approval of spot ETFs on ETH. Speculators are cautiously locking in profits in BTC, which has previously rallied on the same theme.

Remember that Ethereum's market capacity is smaller than Bitcoin's, which has a three times bigger market cap. This means that the price is more sensitive to changes in sentiment. Ethereum has gained 40% in 30 days, the best performance among the top-10 cryptos.
The crypto market has added another 1% to its cap in 24 hours to $2.71 trillion, with an impressive pullback on Tuesday after some altcoins surged the day before.

#XRP and #Litecoin are down 5% so far today after surging more than 20% on Monday. These are all the stars of crypto bull rally of 2017. Their gains here are impressive only if you don't consider that their prices are 1/4 of their previous highs. They have been relegated to the category of laggards in this volatile market, but that doesn't negate their ability to grow. Prices of $200 for Litecoin and $1.3 for XRP are achievable within the current bull cycle.

According to CoinShares, investments in crypto funds rose by a record $2.685 billion last week, beating the previous record set three weeks earlier.

Investments in #Bitcoin increased by $2.637 billion, while investments in #Solana increased by $24 million, and #Ethereum decreased by $2 million. Investments in funds that allow bitcoin shorts increased by $11 million.
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#Crypto market closed lower on Thursday, but little changed from the $2.53 trillion market cap over 24 hours.

However, the internal dynamics are mixed. #Bitcoin loses 1.5% and retreats to $66K, while #Ethereum hovers around $3500 (-0.25%), #BNB and #DOGE are up over 5%, and #XRP is up around 4%.

It's as if the cryptocurrencies haven't chosen their shepherd: should they follow negative from the strengthening dollar or positive after new heights of US indices? We lean towards the latter, believing that the dollar strengthens against even weaker peers whose central banks are more dovish.

Overall, G10 central banks’ dovishness eases a liquidity drain, which is positive for cryptocurrencies that are sensitive to it.
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The #crypto market added 2.8% in the last 24 hours to a total cap of $2.34 trillion, returning to the levels of the start of the week. Bitcoin was up 2.7%, #Ethereum +1.8%, with #Solana (+7.3%) and #Toncoin (+13%) shining once again. The capitalisation of the latter ($23.7B) is approaching the level of #XRP ($28.6B). The gap is an impressive 20% but substantially narrowed over the last week as XRP lost 1% while Ton gained 28%.

#Bitcoin has made two attempts since the start of the day on Friday to break the $63.0K level, which doesn't look like a meaningful turning point. Much more interest is focused on the $64.0K area on the upside and $60.0K on the downside.

Trading volumes on crypto exchanges declined for the first time in seven months. According to CCData, the combined volume of spot and derivative cryptocurrency markets fell 43.8% to $6.58 trillion in April, following a record high of $9.12 trillion in March.

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The medium-term picture also indicates that some old altcoins are having a tough time. In addition to #Ethereum, #Cardano has been consolidating near the lower end of its range in recent months, having already given up more than half of its gains since the lows of October. It pulled back under the 200-day average and formed a "death cross." #Litecoin has also not recovered from the powerful blow in April, testing its 200-day average.

#XRP is trading around the $0.5 level, a historically important level that has seen prolonged consolidation since September 2022. An upward support line can be drawn through the area of the lows of the last two years, but XRP fell below it on 12-13 April. This line worked as resistance for the next two local peaks at the end of April and the beginning of May. All this sets up a bearish scenario with a pullback to the long-term support at $0.25-30.
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The cryptocurrency market increased modestly by 0.35% in 24 hours to $2.53 trillion. Bitcoin rose by 0.7% in that time, Ethereum changed a little, and many altcoins came under slight pressure.

#Bitcoin continues to hang out under the resistance of the descending corridor, where a temporary balance seems to have been found, having been here for 11 days.

Altcoins have a little more gloom. #XRP, Cardano, and Litecoin are moving downwards, sticking to their 50-day moving averages for more than a week now. The market is clearly taking its time getting rid of former stars. It's a logical process, but as applied to cryptocurrencies, it also says that we're not yet in FOMO mode when all the names are added up.
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#Crypto market has been under moderate but persistent pressure throughout Wednesday, losing 1.26% over the past 24h to $2.24 trillion. Prices of top coins are down, except for Toncoin (+1.6% in 24h and 19% for 30 days), and Tron (+0.4% in 24h and +10% for 30 days).

#Bitcoin is trading near $60.7K, having clawed back nearly half of the rebound from Monday's lows. After the market met the long-overdue demand for spot ETFs, selling by miners and long-term holders began to have a noticeable impact on quotes. Neutral to neat pressure sentiment on global markets is also negative for BTC.

#XRP went back to $0.4640, the area of this month's lows and a support level for the last year. Sellers have been pushing quotes for the past 5 weeks. Earlier this year, the price broke key long-term support levels in the form of a trendline through the 2022 and 2023 lows and the 200 and 50-week averages. Without overall positivity in the crypto market, it could be a matter of days before the sell-off accelerates sharply.
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#Crypto retreated by 0.6% in 24 hours to a total cap of $2.31 trillion. Temporary institutional favourites are suffering losses due to the pull from risk and a stronger dollar. However, the dynamics of coins are not homogeneous. The decline of more than 1% in Bitcoin, Ethereum, and BNB contrasts with the 2.5%+ growth of Toncoin, Cardano, and Tron.

#Bitcoin has pulled back to $62.6K after two failed attempts to break above $63.0K on Monday. Continued market wariness could bring the price back to retest the $60K area in the near term.

At the end of last month, volatility in #XRP was falling after the price returned to the most important support of the last 12 months. Since Saturday, there has been a dominance of buyers, keeping the balance of power on the bullish side until Tuesday morning. In our view, confirmation of the bullish trend recovery is required, which could be a retracement of the $0.50 price where the important round level and the 50-day MA are combined.
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The #crypto market is recovering faster than it was falling, adding another 2.4% in 24 hours to $2.4 trillion. Bitcoin has rallied 15% since Saturday, now testing $66K.

Among the top coins, #XRP stands out, soaring 12% in a day and 38% in 7 days. The move in XRP is truly outstanding, proving once again the importance of global support at $0.4. The coin has been performing worse than the market for a long time, but the reversal of sentiment in crypto has sparked a rise on steroids in the once-largest altcoin. On the latest bounce, the price rose to $0.6, its highest since April. This is an attempt to jump back into the uptrend of the past two years. However, it may well turn out that XRP needs to rest after the climb. And this high is appropriate, as we saw prolonged consolidations here in November-December and March.

Another mature altcoin, #Litecoin, gained persistent buyers’ interest, recording its 9th day of growth. At the start of the month, its price fell to $56 - a historically important support area.
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#Crypto

▫️ Crypto market continues to hover around $2 trillion;

▫️ #XRP surges 25% on conclusion of SEC case;

▫️ #Toncoin +10% on news of listing on Binance;

▫️ CryptoQuant says miners' capitulation is almost complete.

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