Good morning Asia, here's what's moving the markets: 1. Bitcoin climbed above $30K again early Tuesday but the rally stalled. 2. A CoinDesk contributor writes that long-term narratives matter but price can depend on fleeting sentiment. JPRubin23 writes
Crypto markets started promisingly on Tuesday with bitcoin re-establishing its foothold above the psychologically important $30,000 threshold.
In an interview with CoinDesk TV's"First Mover" program, Kaiko senior research analyst Dessislava Aubert called the current rally"macro driven and said that its ongoing strength would depend on liquidity. She added:"We have seen that markets are expecting great cuts in the second half of the year. So there is still a lot of uncertainty around whether this will be the case or not. Ultimately, it will depend on how U.S. monetary policy turns out."
Other major cryptos were solidly green with ICP, the token of blockchain-based, smart contracts platform Internet Computer, recently rising 15% to trade at about $6.80. XRP, the native crypto of the blockchain-based, payments-focused platform XRP ledger, was up more than 3%. The, which measures the performance of the overall crypto market, was recently up 2.7% and in significant uptrend territory on a one to five scale.
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