The cryptocurrency market is experiencing increased activity, having risen by 7.5% last week and is now stabilizing just below the critical threshold of 3 trillion dollars. A breakout above the 200-day moving average could lead to inflows from major funds and ignite broader market momentum.

The Fear and Greed Index for cryptocurrencies has jumped to 60 (Greed), which is a strong shift from its prolonged neutral phase since February—often a precursor to further gains.

Bitcoin has officially entered a bull market, trading confidently around 95 thousand dollars, significantly surpassing the 50 and 200-day averages and achieving local highs. This shift typically paves the way for altcoin rallies.

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