What is moving the market
The overall market sentiment is neutral to slightly bearish, with an average sentiment score of 0.02. News concerning lawsuits against regulators and hacks are dampening the mood, while positive developments around Chainlink and Bitcoin offer some optimism.
Biggest risk
Bitcoin shows strong recovery, breaking through key resistance around $85,000, with traders now targeting $100,000. This optimism is partly fueled by macroeconomic factors, such as a weaker-than-expected jobs report that reduces the likelihood of an interest rate hike. Simultaneously, significant volatility and negative news surround the Ethereum L2 network Blast, which is winding down due to rising costs.
