2 key indicators cast doubt on the strength of the current crypto market recovery -Breaking
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An analysis of the overall cryptocurrency market performance in the last 7 days might give investors an impression that total market capitalization increased by only 4% to $2.03 Trillion. But this data is strongly influenced by top five coins which include two stablecoins.
Not included (BTCEther (ETH), (BNBThe 9.3% rise in stablecoins and market capitalization from $382 to $418billion on Feb 4th, reflects an increase of 9.3%. This helps explain why most altcoins ranked in the top 80 have seen a 25% increase and very few of them are showing a decline.
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