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Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions -Breaking

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Altcoin’s prices rebounded briefly, but the derivatives metrics foresee worsening economic conditions

The crypto market capization dropped to $1.23 Trillion on May 12. The following seven days, however, were relatively calm and (BTCEther (and 3.4% in a resounding win) and ).ETHA modest 1.5% has been added to ). The total crypto-capita is currently at $1.31 trillion.

Source: TradingView TradingView

Ripples starting at’sLUNACrypto markets continue to be affected by the (crash) of Bitcoin, in particular. Decentralized financial industry. Furthermore, traditional market declines have led to Loss of $7.6 trillionIn market capital from the Nasdaq Stock Market Index. This is more than the dotcom bubble or the March 2020 selloffs.

Weekly winners and losers from the top 80 coins Source: Nomics
(USDT) peer-to-peer vs. . Source: OKX
Rate of accrued perpetual futures financing rate as at May 20, Source: Coinglass