Cryptocurrency Market Overview on 04/05/2022

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The total capitalization of the crypto market has been growing smoothly since the beginning of the year, mainly due to the rapid growth of altcoins significantly outpacing the growth of bitcoin.

During today’s trading, Asian stock indexes are showing steady growth, copying yesterday’s jump on Wall Street. At the same time the euro is stuck near a weekly low against the dollar amid talk of new sanctions against Moscow. The profit and loss reporting season in the US will begin next week.

Almost half of all cryptocurrency owners in the United States, Latin America and the Asia-Pacific region purchased digital assets for the first time in 2021, according to a new survey by the American Gemini cryptocurrency exchange.

Bitcoin quotes continue to trade near the highs of the current year, justifying the expectations of consolidation between the levels of 45,000 and 48,000. Most investors are busy watching the development of events, at least at the moment. Despite the lack of drivers capable of bringing quotes out of the current range, bullish expectations for the coin clearly prevail. We can expect a movement of quotes in the area of the 48.000 level.

Iron Fish
Daily market analysis with Love to Crypto.