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July has just begun, and the cryptocurrency market is once again showing short-term recovery signals. For the first time in several weeks, the main cryptocurrencies have closed broadly in positive territory, bringing back a buying bias that had lost strength in recent sessions.
As markets move into the final stretch of June, one of the main factors still shaping the major cryptocurrency market is the significant weakness that has remained in place for several weeks. The latest week was no exception, as most of the crypto market posted relevant losses and new lows, including Bitcoin, which fell below the 60k area and reached a new low for the year.
With the close of the second week of February, the cryptocurrency market has once again entered a phase of consistent indecision, leading most of the sector to register lower volatility compared to previous weeks.
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