I have read an article on Coinquora, 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 Bitcoin 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.
Crypto Market Cap: Will it Bounce Back or Become More Bearish?The market capitalization of the cryptocurrency market has skyrocketed this year, reached the highest ATH ever. It is not surprising because the evils of high inflation and recession have been criticized with the risk of collapse in the contemporary economy. Adding to the support of Covid 19 made the situation worse. millions of people are unemployed, land price increases. People look to bitcoin and crypto like fill, bitcoin and crypto will bring light back to everyone. With bitcoin, I become more optimistic. And bitcoin has sprung up today, it will trigger pump explosion this week. Total capitalization will create a new ATH. BTC will move to $ 100k with a jump like Usabolt