Market selling may subside but traders remain on the sidelines until BTC confirms $20,000 as support
The total cryptocurrency market cap fell off a cliff between June 10 and 13, dropping below $1 trillion for the first time since January 2021. (Bitcoin(Down 28% in a week and ether)ETH) I experienced a painful correction of 34.5%.
Currently, the total capitalization of the cryptocurrency is $890 million, which is a negative 24.5% performance since June 10. This definitely raises the question of how the two largest crypto-assets are able to outperform the rest. The answer lies in the $154 billion stablecoin that distorts the overall market performance.
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