3 key metrics suggest Bitcoin and the wider crypto market have further to fall
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The total crypto market capitalization has fluctuated in a 17% range in the $840 billion to $980 billion zone for the past 28 days. The price movement is relatively tight considering the extreme uncertainties surrounding the recent market sell-off catalysts and the controversy surrounding Three Arrows Capital. Total crypto market cap, USD billion. Source: CoinPrice.Watch From July 4 to July 11, Bitcoin (BTC) gained a modest 1.8% while Ether (ETH) price stood flat. More importantly, the total crypto market is down 50% in just three months which means traders are giving higher odds of the descending triangle formation breaking below
On-chain analytics firm CryptoQuant has highlighted six indicators that could point to growing momentum in the altcoin market. These Altcoin Metrics Are Observing Positive Developments In a new thread on X, CryptoQuant has discussed about how the altcoins have been heating up since Bitcoin’s breakout to the new all-time high…
A new report published today by Fidelity reveals that while the cryptocurrency market is in a consolidation phase, key indicators are beginning to signal stability. According to the report, investor funds continue to concentrate largely in BTC, the most liquid asset, especially as Bitcoin maintains its role as an “anchor…
Analysts are increasingly calling for the start of altseason as Ethereum posts massive gains and a wave of altcoins surges across the market. Over the past days, bullish momentum has pushed many digital assets higher, with price structures showing clear signs of strength. For many traders, this is the moment…