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2 key metrics point toward further downside for the entire crypto market -Breaking

by Mike Robinson

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Two key indicators point to further negative developments for the whole crypto market

For the last 3 months, the total cryptocurrency market capitalization has shown a slight ascending trend. The $1.75 trillion support was tested most recently on April 27, as (BTC) bounced at $38,000 and Ether (ETHThe price was $2,800 as of April 27.

Market cap total for crypto, US$ billion TradingView

The crypto market’s aggregate capitalization showed a 3.5% decrease in the last 7 days and notable losers were a 18.8% loss from The 10.2% drop in sales from (ADADrop in at 9.7%Dot) price.

Weekly losers and winners among top 80 coins Source: Nomics
(USDT) peer-to-peer vs. . Source: OKX
Current 7-day permant futures funding rate at the end of April Source: Coinglass