☀️ 9:00 – Morning Pulse: Market Attempts Rebound After Drop, Meets Resistance - Top Movers of the Day Audius and DeepBook Protocol: These cryptocurrencies have been the best performers over the past 24 hours, with DeepBook Protocol posting the most substantial intraday gain since midnight, leaping 43.95%.Overview: Over the last 24 hours, the crypto market attempted a recovery overnight following a sharp decline yesterday evening. However, the rally ran into resistance early this morning and has since pulled back. While the recovery off the lows was notable, the inability to sustain gains suggests fragility beneath the surface. 🔍 Market Insight: The market presents a mixed picture this morning. While some assets show substantial gains, there's notable weakness in Mid and Small Caps and Ether. Bitcoin’s relative strength has emerged as a key theme, signaling diverging capital flows.NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips”. The NWSBCT chart shows a sharp drop yesterday evening, followed by a strong V-shaped recovery attempt overnight, peaking near 6.98 around 04:00 CET. Since then, the index has failed to push higher, pulling back significantly and currently trading around 6.95. 📊 Price action is congested just below the 7.01 Fibonacci level, a key resistance area. 🧭 Bulls may need consolidation before any renewed push higher.
2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has retraced by 0.49% in the previous 24 hours.
Bitcoin and Ether: Over the last 24 hours, Bitcoin's relative strength compared to Ether is also apparent. Bitcoin has risen by 0.77%; in contrast, Ether has dropped by 4.04%, dramatically underperforming Bitcoin.This update covers market activity over the past 24 hours, ending at 9:00 a.m. CET. Top Movers include 24h performance, but the primary focus is on the asset with the most significant change since midnight. 2100NEWS Indices show changes from 00:00 to 9:00 CET. 2100NEWS Total Index (NWST1100) and Bitcoin & Ether sections always reflect complete 24-hour changes, regardless of report timing. Please note that conditions may have shifted since the time of publication. Supplemental notes detail the criteria for highlighting these specific cryptocurrencies and indices.
