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With no help from Powell, Crypto is again hoping for technical support
The crypto market cap has been declining for the fourth day, losing another 2% over the past 24 hours and falling back to $3.72 trillion at the time of writing. The growth momentum of the second half of last week did not develop, forming a sequence of lower local highs. However, there have been no significant liquidations, and the overall cap level exceeds the 200-day average. The sentiment index has fallen back into the fear zone, dropping 34 from neutral values of around 50 in the previous two days. Still, it will take increased volatility and a fall to extreme fear for the indicator to signal a ‘buy ... (full story)
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