Crypto Overview: Bitcoin slips below $78,000 – DEX tokens rally

• Bitcoin consolidates near $77,000 on Monday following a 3% pullback triggered by Kevin Warsh’s inflation concerns on Friday.
• Fear and Greed Index at 73 suggests that the crypto market sustains risk-on sentiment.
• Decentralized Exchange tokens, Uniswap and PancakeSwap, sustained gains over the last 24 hours, emerging as top performers.

Bitcoin (BTC) price is trading above $77,000 on Monday, sustaining monthly gains of over 20% so far. The technical outlook for Bitcoin is bullish as the price holds above a crucial retracement support level at $76,706 amid broader market risk-on sentiment. Decentralized Exchange (DEX) tokens, Uniswap (UNI) and PancakeSwap (CAKE), emerge as top performers over the last 24 hours, eyeing further gains.

CoinMarketCap’s Fear and Greed Index is down to 73 from 82 last week, suggesting that the crypto market is stepping off the edge amid higher Fed rate concerns.

Bitcoin holds at key support as momentum wanes

Bitcoin trades at $77,730 on Monday, maintaining a clear bullish bias as the price holds above the 78.6% retracement level of the $82,850 to $57,800 downswing, which is at $76,706. The King Crypto also holds above both the 50-day Exponential Moving Average (EMA) at $69,675 and the 200-day EMA at $72,630.