Crypto Market Recovers Slightly; Haun Ventures Leads Funding Round for Music NFT Platform
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After suffering a five-day slump, the broader crypto market has finally recovered a little on Tuesday. BTC managed to defend the $31k support level after posting a marginal gain over the last 24 hours. However, the upside price movements of the largest cryptocurrency by market cap may very well be limited as it is still facing multiple hurdles within the $32k to $32.5k zone. A clear break above the $32.6k level may bring about a much-needed recovery wave. On the flip side, BTC could just as easily trend downwards to test the support near the $30k level should the overhead resistance prevail.