After a period of choppy trading, the cryptocurrency market is showing signs of bouncing back as investors regain confidence. However, macroeconomic factors and regulatory hurdles have subdued traders' risk appetite, wiping out initial gains from last week. The fear and greed index for the crypto market is still in the fear zone at 39.
Bitcoin is struggling to break the $27,000 level, while Ethereum has seen recent gains but is still down over 2.6% for the week. The global crypto market cap has risen 0.70% to $1.05 trillion, with gains in Bitcoin and other major cryptos leading to gains in the broader market. Top performers for the day include Pepe Coin, Frax Share, Chainlink, and Maker.
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