Since April 24, the crypto market capitalization total has traded within a down channel. On May 6, however, $1.65 Trillion support was tested. Following the drop to $1.65 billion, (BTC35,550 is its lowest price for the past 70 days.

Performance-wise, all crypto market capitalizations fell by 6% during the last seven days. But this slight correction is not indicative of any mid-capitalization altcoins which suffered a 19% loss in the same time period.