Crypto market fails to accelerate its growth


19 Sep 2023 9:20 AM

Crypto market capitalisation exceeds $1.07 trillion (+0.6% in 24h), maintaining its upward trend over the last seven days. Bitcoin hit $27.4K on Monda...

  • Crypto market capitalization is over $1.07 trillion, showing a 0.6% increase in the last 24 hours.
  • Bitcoin reached $27.4K but pulled back to $26.8K, indicating the bears still have control.
  • Ethereum is consolidating around $1640, preparing for potential declines.
  • Investments in crypto funds decreased by $54M last week, with outflows for 8 of the previous nine weeks.
  • Central and South Asian countries lead in cryptocurrency adoption, with India, Nigeria, and Vietnam at the top.
  • Ethereum developers faced a failure in launching the Holesky test network and plan to try again in two weeks.

The sentiment in the article is mostly negative, highlighting the control of bears in the cryptocurrency market and the failure in launching the test network.

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