Crypto Market Defies Weak Sentiment as Ethereum Reclaims $1,900

The crypto market is showing resilience despite weak sentiment, according to data from Glassnode. Bitcoin (BTC) price has stabilized at $63,500, while Ethereum (ETH) has reclaimed the $1,900 mark.

The total market cap has gained 0.98% to $2.18 trillion, with all top ten cryptos except Binance Coin (BNB) trading in the green. HYPE and PUMP are leading altcoin gains, with over 3% and 5% increases respectively.

According to Glassnode, consumer confidence has dropped to an all-time low, but this has not affected the crypto market significantly. The US-Iran ceasefire deal's extension may also have a limited impact on the market, as investors focus on the dovish outlook from Goldman Sachs.