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Crypto: volatility without direction
The crypto market cap remained at $2.24 trillion, a recovery after the market hit a low point at the very end of trading on Monday at $2.19 trillion. We continue to view this pullback to the lows of the past three weeks as a correction after rallying ahead of the week’s most important events: the US election and the Fed’s key rate decision. Interestingly, the cryptocurrency sentiment index remains in greed territory. It hasn’t moved outside of the 70-77 range for the past three weeks, although stock market sentiment has slipped from the threshold of extreme greed to fear over that time. Bitcoin is about where ... (full story)
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- Posted: Nov 5, 2024 6:07am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 166
