Still Hope for Bulls: Crypto Daybook Americas

The cryptocurrency market shows mixed sentiments as various coins experience diverse performances. Major cryptocurrencies like Bitcoin, Ethereum, and Solana have remained stable, despite some privacy-focused coins like Monero and Zcash facing declines of over 4%. Analysts point out that institutional adoption is still in its early stages, with upcoming regulations possibly shifting sentiment back to a risk-on mode. In traditional markets, rising Japanese government bond yields in response to significant stimulus proposals could impact Treasury bonds and risk assets. Meanwhile, the CoinDesk DeFi Select and Smart Contract Select Indices have shown strength, with growth of roughly 5% and 4%, respectively. A noteworthy observation is Zcash's performance, which has surged over 500% since September but now risks a bearish double top pattern. Overall, traders are advised to monitor U.S. regulatory developments closely as they will influence the market's direction.

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