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 bear season is yet to happen since the bull run hasn't reached its peak yet. The current drop of Crypto market is just some correction due to the fast surge of the market. It needs some room to breathe so it is normal for a correction. If you look at the market today, cryptocurrency market looks like preparing to surge again since you can see that there is some trading volume surge in different cryptocurrencies.