-11122024742.png)
-11122024742.png)
Crypto: Two Steps Ahead, One Step Back
Crypto: Two Steps Ahead, One Step Back
In the outgoing week, Bitcoin updated its all-time high, approaching the price of $110K and pulling the entire crypto market up with it. After falling back to $3.5 trillion, the total crypto capitalisation exceeded $3.7 trillion. The market needs time to adapt to its current heights.
Meanwhile, the sentiment index was cruising in the greed zone, only once reaching extreme greed. As was the case in mid-December, high sentiment index values intensified selling.
Bitcoin fell below $100K during the week, then approached $110K and smoothly re-emerged at $102K. Sales intensified as the peak of $110K was approached in December and January. However, support has also moved above $100K, meaning market participants are getting used to a six-figure price.
By the FxPro Analyst Team
EBC Markets Briefing | Euro shines after German big stimulus
Is EBC’s Million Dollar Trading Challenge the Future of Trading Competitions?
Dollar falls further despite tariff exemptions, euro soars
Crypto recovers, but the rally lacks excitement
Oil loses support, activating a slump to a $20 scenario
Market Update: March 5, 2025
WTI OIL Analysis: WTI crude oil under pressure to move downward
