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

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Altcoins briefly recovered, but derivatives metrics predicted worsening 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. At the moment, $1.31 trillion is the total crypto capital.

Source: TradingView TradingView

Ripples starting at’sLUNACrypto markets continue to be affected by the (crash) of Bitcoin, in particular. Financial industry decentralized. The decline of traditional markets in recent years has also led to A 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 losers and winners among 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