The total crypto market capitalization has been holding a slightly ascending trend for the past three months, and the $1.75 trillion support was most recently tested on April 27 as Bitcoin (BTC) bounced at $38,000 and Ether (ETH) at $2,800 on April 27.Total crypto market cap, USD billion. Source: TradingView
The crypto market’s aggregate capitalization showed a 3.5% decrease in the last seven days. Meanwhile, notable losers were an 18.8% loss from Ripple (XRP), a 10.2% loss from Cardano (ADA) and a 9.7% drop in Polkadot (DOT) price.Weekly winners and losers among the top 80 coins. Source: NomicsTether (USDT) peer-to-peer vs. USD/CNY. Source: OKXAccumulated 7-day perpetual futures funding rate on April 29. Source: Coinglass
Continue Reading on Coin Telegraph2 key metrics point toward further downside for the entire crypto market
Source:cointelegraph.com