FXStreet: The Crypto Assets market is on the edge of the previous extremes.

Gate News bot news, FXStreet pointed out that the market capitalization of Crypto Assets has risen again by 1%, reaching 3.31 trillion USD, approaching the critical point of increased Fluctuation. Slightly above this level, in the range of 3.40 trillion to 3.55 trillion USD, is a turning point that activates sellers and prevents further market consolidation.

The Crypto Assets sentiment index is currently at 74, just 1 point below the "extreme greed" zone, and is within the range of the highs in the second half of May. At that time, the market capitalization of Crypto Assets was roughly at the same level. Since Wednesday's close, Bitcoin has been testing the $108,000 threshold, but once it reaches that level, it faces selling.

In the past few days, we have seen a steady rise in Bitcoin's intraday performance, accompanied by a significant amount of buying from medium to long-term investors. We believe this is a sign of professional market participants buying in, and it is linked to the strengthening of the stock market, which increases the likelihood of Bitcoin reaching $110,000 or even $112,000 as early as this week.