Crypto market continues to recover amid growing investor attention

On Thursday, the rates of most cryptocurrencies continued to rise, as institutional investors began to show increased interest in them again.

Over the past day, the digital asset marketadded about 2% more, and its market capitalization again exceeded $2 trillion. The main increase was due to altcoins, which slightly reduced the Bitcoin dominance indicator.

Analysts from CoinShare say that the current growth is being stimulated by large investors who have begun to actively invest in crypto funds again.According to the company,positive dynamics is observed for the third week in a row, indicating the renewed interest of institutionalists in the market.

At the time of publication, the bitcoin rate on the chartis well above the 50-day moving average, which opens its way to $49 thousand. At the same time, the relative strength index is at 63, remaining below the overbought zone (above 70).

Despite the current increase, Aaron Chomsky, head of investment at ICB Fund, believes that at the momentWe are witnessing a correction towards the general downtrend.Even close February with a slight plus and resume the fall only in March.

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