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The crypto market rose due to dollar weakness

From fxpro.news

The crypto market cap has fallen by 5% over the past seven days. The decline resumed at the start of the new week, with total capitalisation falling to $2.9T amid slippage in an illiquid market. In recent hours, however, positive momentum has prevailed, bringing the market back to $2.97T due to the weakness of the US dollar and global purchases of risky assets. But even now, cryptocurrencies remain a lagging class of risk-sensitive assets, falling short of metals and the strongest global currencies. Bitcoin hit a low for the day near $86K, its lowest level since December. After that, the market received support from ... (full story)

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  • Category: Fundamental Analysis