🔥 The crypto market is cooling down after the ceasefire news between Israel and Iran
After a psychological boost at the beginning of the week, the crypto market today has cooled down, with only Pi and Maple Finance maintaining their momentum with increases over 10%. Meanwhile, the top 100 coins by market capitalization have only fluctuated around 2%, indicating that investor sentiment is waiting for clearer signals.
The total market capitalization has slightly increased to $3.283 trillion (+0.81%), while traditional financial indices like the S&P 500 only increased by 0.07%, reflecting stability and caution from both markets.
🔎 Notable highlights:
Bitcoin Cash ($BCH ) surged by 6%, breaking resistance at $470, trading around $481.30. RSI remains at 61, not overbought, trading volume is increasing - a sign that bulls are in control.
Cardano ($ADA ) decreased by 3.5%, falling to $0.5669 after Charles Hoskinson's controversial proposal. RSI dropped to 35, and ADX above 25 indicates that the downtrend is gradually gaining dominance.
👉 Overall, the market needs a new push to break out of the current consolidation zone. With Bitcoin still around $105k and altcoins showing strong divergence, investors should maintain flexibility and closely monitor key support/resistance areas.