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As the second half of October begins, a growing sense of caution has become increasingly evident across the cryptocurrency market. Demand continues to struggle to regain momentum, while confidence around the sector's largest assets remains trapped in a relatively persistent phase of neutrality.
At the start of the trading week, strength around Bitcoin remains one of the most relevant factors for the market. Over the last seven trading sessions, the cryptocurrency has gained more than 23%, allowing it to approach a price zone not seen in several months near $80,000.
As the last week of July comes to an end, the cryptocurrency market is once again showing weaker short-term appetite. Over the last few sessions, demand has shown signs of caution, in a week marked by central bank decisions that failed to strengthen appetite for risk assets.
