Total crypto market cap drops by 6.7%, but futures data finds a silver lining -Breaking
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One might get the impression that the cryptocurrency market is net-positive if one looks at seven consecutive days of losers and winners. Even so, total market cap fell 6.7% by $2.72 trillion to $2.72 billion as per’s.BTC() The price of the retraced 83% was $58,425,
This week’s biggest gainers seem to have been the gaming and metaverse sectors. The latter has seen a strong run ever since Facebook (NASDAQ 🙂 changed its name to Meta in October, signaling its renewed focus on this segment. The Nov. 19 raising of $400 Million by Gemini, a crypto exchange that aims to create a decentralized Metaverse, is another bullish sign supporting the surge in metaverse-related coins.
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