Crypto Market Retreats to Near $2.17 Trillion After Rally Stalls

The crypto market has retreated to levels seen at the start of the week, near $2.17 trillion, after failing to mount a sustained rally.

The market remains cautious, trading just above its 50-day moving average, which has served as support since the second half of July.

Among popular coins, Uniswap leads the gains over the last 30 days with a 60% rise. In contrast, Cosmos has lost 18% over the month and hit a multi-year low of $1.23 amid high trading volumes.

Ethereum found support late on Thursday but its rally stalled once again upon breaching the $65K level, pushing the price back down to $64K at the start of active trading in Europe.