Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T
Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market.The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days. Total crypto market cap, USD billion. Source: TradingView In terms of performance, the aggregate market capitalization of all cryptocurre...
Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T
Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market.The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days. Total crypto market cap, USD billion. Source: TradingView In terms of performance, the aggregate market capitalization of all cryptocurre...
