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The total crypto market cap drops under $1.2T, but data show traders are less inclined to sell -Breaking


Although the total cryptocurrency market is now less than $1.2T according to data, traders seem more inclined to trade.

Since the beginning of the year, total crypto market capitalization (TCM) has traded in a declining channel. It currently supports $1.17 trillion. The last 7 days have seen (BTCEther (ETH() was subject to a correction of 5%.

Market cap total for crypto, US$ billion TradingView

The June 10 consumer price index (CPI) report showed an 8.6% year-on-year increase and crypto and stock markets immediately felt the impact, but it’s not certain whether the figure will convince the U.S. Federal Reserve to Future interest rate rises may be a reason to be cautious.

Crypto Fear & Greed Index. Source:
Weekly losers and winners among top 80 coins Source: Nomics
(USDT) peer-to-peer vs. . Source: OKX
Rate of accrued perpetual forwards funding on June 10 Source: Coinglass