Total crypto market cap drops to $850B as data suggests further downside

Total crypto market cap drops to $850B as data suggests further downside

The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence. The total cryptocurrency market capitalization dropped by 24% between Nov. 8 and Nov. 10, reaching a $770 billion low. However, after the initial panic was subdued and forced future contracts liquidations were no longer pressuring asset prices, a sharp 16% recovery followed.Total crypto market cap in USD, 2-days. Source: TradingViewThis week’s dip was not the market's first rodeo below the $850 billion market capitalization level, and a similar pattern emerged in....


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Crypto derivatives data signals improving investor sentiment and a possible t...

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Total crypto market cap briefly surpassed that of Saudi Aramco. Amid another bullish trend on cryptocurrency markets, total crypto market capitalization has broken a new historical record just unde $2 trillion.The market cap of all cryptocurrencies surpassed $1.9 trillion on March 31, according to data from major crypto monitoring resources like CoinGecko and CoinMarketCap. The total market cap reached as high as $1.99 trillion earlier on the day, hitting a new all-time record.Total market capitalization since July 2017. Source: CoinMarketCapFollowing a subsequent correction, the total....