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

by Mike Robinson

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However, the crypto market’s total cap is below $1.2T. Data shows that traders are more likely to buy than sell.

For the last 29 days, the total cryptocurrency market capitalization traded in a downward channel and is currently supported at $1.17 trillion. The last seven days have seen (BTCEther () showed a slight drop of 2%.ETHThe correction was 5% for ).

Market cap total for crypto, US$ billion TradingView

Reports on consumer prices (CPI), June 10, showed an 8.6% rise year-on–year. Crypto and stock markets felt this immediately. Still, it’s not certain whether the figure will convince the United States Federal Reserve to Future interest rate rises may be a reason to be cautious.

Crypto Fear & Greed Index. Source: alternative.me
Weekly losers and winners among top 80 coins Source: Nomics
(USDT) peer-to-peer vs. . Source: OKX
On June 10, the accrued perpetual futures funding rates were 1% Source: Coinglass