The Crypto market cap reached $1.20T, a 4.16% increase since its previous day levels. Bitcoin and Ethereum prices increased, taking the quarterly gains of the former token to new highs since 2021.

This week also signalled renewed interest in Crypto as few companies raised funds besting the bear market alongside reports emerging that DeFi funding increased by 120% in the last year compared to 2022 levels. The European blockchain market finds itself in a lucrative position with a consistent rise in funding for Crypto companies.

The Exponential Moving Average for 10-day EMA and 200-day EMA indicate “Buy” at 27706.35 and 22641.60 respectively. The Simple Moving Average for 10-day SMA indicates “Sell” at 27872.30 and 200-day SMA indicates a “Buy” at 20325.40.

The Ichimoku Base Line, valued at 24474.50, continues to be neutral. The Hull Moving Average indicates “Buy” at 28132.79. The Volume Weighted Moving Average indicates “Buy” at 25978.50.

Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 67.12, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) indicate a Neutral outlook as well at 78.37 and 38.03, respectively. 
The MACD Level (12, 26), at 1304.40, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) and the Williams Percent Range (14) continue to be “Neutral”at 34.79 and −6.21, respectively.