The crypto market experienced a significant boost in recent days, with its capitalization rising by 1.29% to $2.57 trillion. This growth can be attributed to the impressive performance of major stock indices, including the Nasdaq-100 and S&P 500, which have reached new all-time highs.
Bitcoin has been attempting to break through resistance at $80K, with its price showing resilience during a dip to $75K. Despite this, market analysts are cautious about proclaiming bullish dominance until the cryptocurrency confidently surpasses the resistance level and reaches $84K-$85K.
Ethereum's performance is a cause for concern, as its price has retreated after touching its 200-week moving average over the past three weeks. This development indicates a bearish market prevailing across this asset and the entire altcoin market.