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Key data points suggest the crypto market’s short-term correction is over -Breaking


The performance of cryptocurrencies in the past seven days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. Even with the weak price action, altcoins still managed to rally. (BTCHowever, it was still up 1.5% at the end of the week despite being down 6% from Nov. 28 to $3,200 on Tuesday.

The top 80 coins: Winners and Losers Source: Nomics

The metaverse sector continues to perform well, with Gala (GALA), The Sandbox(SAND) and Decentraland [MANA] among the top five earners. While few play-to-earn and metaverse “environments” are available for true interaction, major news and partnerships are still boosting these metaverse-related token valuations.

OKEx USDT peer-to-peer premium vs. USD. Source: OKEx
Futures in crypto total open interest Source: