Crypto Market Cap: Will it Bounce Back or Become More Bearish?
- The crypto market cap stays bearish for more than seven days.
- The market capitalization has spiked over $300 billion over the previous 14 days.
The Crypto Market Capitalization reached $2.272 trillion last week. However, the crypto market stays bearish for more than seven days; will it bounce back, or will it be more bearish.
While has been moving downwards after reaching the all-time high of $66,000 on April 17. The crypto further fell on April 18, making a drop to a low of $50,931. However, this generated a very long lower thread, confirming the $51,000 area as support.
On the other hand, most of the technical indicators of the crypto market have turned bearish. The MACD has crossed into negative territory while the RSI has crossed below 50. Furthermor…
This article was first published on coinquora.com
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