Crypto Market Capitalization Returns to Two-Week Highs Amid Cautious Growth

The crypto market has seen a recovery in its capitalization, reaching $2.22 trillion after dropping to two-week lows.

Since August, buyers have been in control, but the pace of this rally is slower than the one that occurred in early July.

This suggests that buyer interest may be waning due to a lack of fundamental drivers for growth, as seen with top performers Theta (+14.3%), SushiSwap and Cosmos (both +8.5%).

Conversely, worst performers included Stellar and NEAR (both -2.9%), as well as XRP (-2.7%).

The sentiment index has been in the 'fear' zone since mid-July, only occasionally dipping into extreme fear territory.

Bitcoin has been testing the $65K level for four consecutive days, with a possible target of $70K, near which the 200-day moving average lies.