Crypto Market Remains Stuck in Sideways Trend

The crypto market remains stuck in a sideways trend, with its capitalization hovering around $2.19T for three consecutive days.

This prolonged stagnation has led to increased trading activity and tighter stop losses among traders, but also raises the risk of a sharp pullback in the coming weeks.

Bitcoin is struggling to break away from its support level at $64K, which is close to the peak of the 2021 bull market.

The weakening downward momentum has eased selling pressure on the asset, according to Fairlead Strategies, but does not guarantee an immediate market reversal.