Market overviewHaving risen steadily for the second day running, the crypto market capitalisation has returned to $2.19T, matching levels seen at the end of last week. Looking at the broader picture, the battle for the 50-day moving average continues, meaning the market has yet to settle on a medium-term trend. Bitcoin has risen to $64.3K, gaining momentum since Monday, when the bulls provided fairly strong support during the dip to local lows around $62.5K and pushed the price back above the 50-day moving average. For now, optimism is centred more on BTC than on the crypto market as a whole, which is typical of the early stages of a long-term market shift. Summary: Major cryptocurrencies are recovering: BTC and BNB are strengthening, the market is testing the 50-day moving average, but the trend remains undefined for now.