Take a fresh look at your lifestyle.

Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve

Cryptocurrency38 minutes ago (Jun 05, 2022 05:20PM ET)

Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve

The total crypto market capitalization has ranged from $1.19 trillion to $1.36 trillion for the past 23 days, which is a relatively tight 13% range. During the same time, Bitcoin’s (BTC) 3.5% and Ether’s (ETH) 1.6% gains for the week are far from encouraging.

To date, the total crypto market is down 43% in just two months, so investors are unlikely to celebrate even if the descending triangle formation breaks to the upside.

Total crypto market cap, USD billion. Source: TradingView
Crypto Fear & Greed Index. Source: alternative.me
Weekly winners and losers among the top 80 coins. Source: Nomics
(USDT) peer-to-peer vs. . Source: OKX
Accumulated perpetual futures funding rate on June 3. Source: Coinglass

Continue Reading on Coin Telegraph

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More