The crypto market continues to recover. Bitcoin is trading above 81,000 US dollars and therefore remains above an important price level. Overall, market sentiment remains positive. In a report, Glassnode refers to “strong bullish sentiment” and growing confidence among buyers. At the same time, spot trading volumes have increased, which may indicate broader investor participation in the market.
The data also points to a moderately bullish market structure. According to Glassnode data, indicators such as investor profitability and long-term holder behavior are improving. Activity in the derivatives market has also increased, with open interest in Bitcoin futures reaching a yearly high.
The total crypto market capitalization currently stands at around 2.7 trillion US dollars. Bitcoin’s market dominance is approximately 60 percent, while the Fear and Greed Index, at around 46 points, remains in neutral territory.
Focus Turns to the CLARITY Act
On the macroeconomic side, this week could be important for the crypto market. Several key data releases are expected in the United States, including:
- the Consumer Price Index, CPI;
- the Producer Price Index, PPI;
- retail sales.
These figures may influence expectations regarding Federal Reserve policy and trigger short-term volatility in the digital asset market.
Meanwhile, discussion of the CLARITY Act in the United States is entering a decisive phase. The bill, aimed at regulating crypto markets and stablecoins, is considered an important element for the future of the American crypto industry. More details on the current status of the initiative can be found in the article: “CLARITY Act on the verge of a breakthrough? The US pushes for a crypto law by July.”
For now, the crypto market looks constructive but not overheated: the Fear and Greed Index remains neutral, leaving room both for continued growth and for short-term consolidation, concluded an expert from FORECK.INFO.
