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?Do not know if you noticed this or not as bitcoin has been growing steadily over the past 6 months, its market cap has increased largely thanks to the fact that people became interested in btc and bought it. So for 6 consecutive months of increasing, it is easy to understand for this correction, I personally consider that the upward trend of the whole market has not shown any signs of stopping, and that has been shown until now.